Coase, competition, and compensation
نویسندگان
چکیده
منابع مشابه
Competition and compensation
Stereocilia are actin protrusions with remarkably well-defined lengths and organization. A flurry of recent papers has reported multiple myosin motor proteins involved in regulating stereocilia structures by transporting actin-regulatory cargo to the tips of stereocilia. In our recent paper, we show that two paralogous class 3 myosins--Myo3a and Myo3b--both transport the actin-regulatory protei...
متن کاملStock-related compensation and product-market competition
I show that as long as the stock market has perfect foresight, profits are distributed as dividends, and incentives are paid more than once or are deferred, stock-related compensation packages are strong incentives for managers to support tacit collusive agreements in repeated oligopolies. The stock market anticipates the losses from punishment phases and discounts them on stock prices, reducin...
متن کاملDelegation , Worker Compensation , and Strategic Competition
We study interfirm competition on a product market where effort decisions are delegated to the firms’ workers. Intrafirm organization is captured by a principal-multiagent framework where firm owners implement alternative compensation schemes for the workers. We show that the value of delegation as well as the optimal design of the compensation scheme crucially depend on the intensity of compet...
متن کاملComplementary memory systems: competition, cooperation and compensation.
Spatial navigation depends on dissociable memory systems that have distinct neural bases and employ different forms of representation. One system gradually acquires reliable sequences of responses to given situations (e.g. repeatedly following a fixed route), and depends on the striatum. The other develops flexible representations permitting novel responses (e.g. finding new shortcuts), and dep...
متن کاملExecutive Compensation and Product Market Competition
The aim of this paper is to study the effects of product market competition on the explicit compensation packages that firms offer to their executives. In order to measure the net effect of competition we use two different identification strategies. The first exploits cross sectoral variation in concentration ratios and the panel nature of the dataset. The second uses as a quasi-natural experim...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Japan and the World Economy
سال: 1995
ISSN: 0922-1425
DOI: 10.1016/0922-1425(94)00034-q