Why has CEO pay increased so much?
This paper develops a simple equilibrium model of CEO pay. CEOs have different talents
and are matched to firms in a competitive assignment model. In market equilibrium, a CEO's …
and are matched to firms in a competitive assignment model. In market equilibrium, a CEO's …
The impact of managerial quality on organizational performance: Evidence from German soccer
B Frick, R Simmons - Managerial and Decision Economics, 2008 - Wiley Online Library
In this paper we use a novel panel data set from the German premier soccer league
(Bundesliga) as a case to show how variations in managerial compensation impact …
(Bundesliga) as a case to show how variations in managerial compensation impact …
Does inequality hamper innovation and growth? An AB-SFC analysis
We propose to analyze the relationship between inequality and economic development by
means of an Agent Based-Stock Flow Consistent model where workers have been …
means of an Agent Based-Stock Flow Consistent model where workers have been …
The effect of consumption and production structure on growth and distribution. A micro to macro model
The paper offers a theoretical analysis of long‐run economic growth as an outcome of
structural changes. We model the microeconomic behaviour of firms in the final good and …
structural changes. We model the microeconomic behaviour of firms in the final good and …
The effect of demand-driven structural transformations on growth and technological change
The paper analyses the effect of the dynamics of consumption preferences on the dynamics
of macro–economic growth. We endogenously derive micro–dynamics of consumption …
of macro–economic growth. We endogenously derive micro–dynamics of consumption …
A theory of political cycles
L Martinez - Journal of Economic Theory, 2009 - Elsevier
We study how the proximity of elections affects policy choices in a model in which
policymakers want to improve their reputation to increase their reelection chances …
policymakers want to improve their reputation to increase their reelection chances …
Are higher wages good for business? An assessment under alternative innovation and investment scenarios
This paper aims at investigating the interplay between inequality, innovation dynamics, and
investment behaviors in shaping the long-run patterns of growth of a closed economy. By …
investment behaviors in shaping the long-run patterns of growth of a closed economy. By …
The complex interactions between economic growth and market concentration in a model of structural change
We study the relation between variety, market concentration, and economic growth, along
different phases of economic development which entail a number of changes to the structure …
different phases of economic development which entail a number of changes to the structure …
Does inequality hamper innovation and growth?
The paper builds upon the Agent Based-Stock Flow Consistent model presented in Caiani et
al.(2015) to analyze the relationship between income and wealth inequality and economic …
al.(2015) to analyze the relationship between income and wealth inequality and economic …
CEO compensation: Trends, market changes, and regulation
A Jarque - FRB Richmond Economic Quarterly, 2008 - papers.ssrn.com
The average pay of a chief executive officer (CEO) in a top US firm has increased six-fold in
the last three decades. Simultaneously, the composition of pay has moved away from salary …
the last three decades. Simultaneously, the composition of pay has moved away from salary …