Working Paper
Executive compensation: a calibration approach
Abstract: A study that uses principal-agent theory to produce quantitative predictions about executive compensation, showing that observed incentives closely match optimal predicted incentives.
https://doi.org/10.26509/frbc-wp-199416
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https://www.doi.org/10.26509/frbc-wp-199416
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Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1994
Number: 9416