Too Much, Too Soon, for Too Long: The Dynamics of Competitive Executive Compensation
ABSTRACT We examine executive compensation in a general equilibrium model with dynamic moral hazard, where executives' outside options are endogenously determined by equilibrium market compensation. Firms provide incentives through compensation packages featuring deferred payments as “carrots” and termination as “sticks.” Crucially, the effectiveness ...
GILLES CHEMLA +2 more
wiley +1 more source
A replicator model with transport dynamics on networks for species evolution. [PDF]
Coclite A +3 more
europepmc +1 more source
Profiting From Regulation: The Effects of Emissions Standards on Abatement R&D
ABSTRACT This paper explores the impact of emissions standards on a firm's output and abatement R&D investment decisions in a duopoly model, extending the work of Amir et al. (2023). It is shown that high upper limits on total emissions remove the firms' incentives to invest in abatement R&D.
Johanna‐Sophia Hardt +2 more
wiley +1 more source
Multi video stream collaborative adaptive offloading scheme based on equilibrium game theory. [PDF]
Yuan S.
europepmc +1 more source
Optimal Incentives With Other‐Regarding Principal and Agents
ABSTRACT Analyzing interactions between an other‐regarding principal and two other‐regarding agents, we show with continuous efforts and outcomes that “team contracts” are optimal if the principal is inequity averse or not “too status seeking.” However, if the principal is sufficiently status seeking and the agents' wages are far apart, relative ...
Swapnendu Banerjee +3 more
wiley +1 more source
In-Orbit Optimal Safe Formation Control for Surrounding an Unknown Huge Target with Specific Structure by Using Relative Sensors Only. [PDF]
Wei B, Li C, Dang Z, Yue X.
europepmc +1 more source
“Shop Until You Drop”: The Effects of Antihedonism and Environmentalism
ABSTRACT In a vertically differentiated duopoly where consumers have heterogeneous preferences over the hedonic and environmental attributes of goods, we explore the effects of antihedonism and environmentalism, intended here as cultural paradigms altering consumers' preferences.
Giovanni Maccarrone +2 more
wiley +1 more source
Fairness in the multi-proposer-multi-responder ultimatum game. [PDF]
Krakovská H, Hanel R, Broom M.
europepmc +1 more source
The Beveridge Curve, Matching, and Labour Market Flows: A Reinterpretation
ABSTRACT A standard theory of the Beveridge curve is based on the matching function: when unemployment is high, vacancies are filled quickly, so fewer vacancies are needed to balance the inflow into unemployment. Estimating matching functions on panel data, we find no (or very weak) evidence that vacancies are filled quickly when unemployment is high ...
Nils Gottfries, Karolina Stadin
wiley +1 more source
Understanding Nash epidemics. [PDF]
Schnyder SK +3 more
europepmc +1 more source

