Results 151 to 160 of about 127,162 (255)

Too Much, Too Soon, for Too Long: The Dynamics of Competitive Executive Compensation

open access: yesThe Journal of Finance, Volume 80, Issue 5, Page 2921-2970, October 2025.
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]

open access: yesJ Math Biol
Coclite A   +3 more
europepmc   +1 more source

Profiting From Regulation: The Effects of Emissions Standards on Abatement R&D

open access: yesJournal of Public Economic Theory, Volume 27, Issue 5, October 2025.
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

Optimal Incentives With Other‐Regarding Principal and Agents

open access: yesJournal of Public Economic Theory, Volume 27, Issue 5, October 2025.
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

“Shop Until You Drop”: The Effects of Antihedonism and Environmentalism

open access: yesJournal of Public Economic Theory, Volume 27, Issue 5, October 2025.
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

The Beveridge Curve, Matching, and Labour Market Flows: A Reinterpretation

open access: yesOxford Bulletin of Economics and Statistics, Volume 87, Issue 5, Page 1025-1044, October 2025.
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]

open access: yesProc Natl Acad Sci U S A
Schnyder SK   +3 more
europepmc   +1 more source

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