Listar ECO_Articles por fuente "The RAND Journal of Economics, 22011, 42, 2"

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    • closedAccess   Paying for observable luck 

      Feriozzi, Fabio Wiley (2011-05-30)
      This article examines why CEOs are rewarded for luck, namely for observable shocks beyond their control. I propose a simple hidden action model where the agent has implicit incentives to avoid bankruptcy. After signing the ...