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- W2108528131 abstract "I study how product market conditions determine labor market outcomes in an economy where a continuum of heterogeneous firms compete for heterogeneous managers. The main objective of the paper is to establish how market power and managerial talent influence the incentive contracts. If firms with higher (lower) market power benefit more from managerial actions, then managerial talent has greater effects in such firms, and hence more talented managers are lured into firms with higher (lower) market power following a positively (negatively) assortative matching pattern. The equilibrium relationship between market power and managerial incentives is monotone if and only if the equilibrium matching is monotone." @default.
- W2108528131 created "2016-06-24" @default.
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- W2108528131 date "2015-08-01" @default.
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- W2108528131 title "Job assignment, market power and managerial incentives" @default.
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- W2108528131 doi "https://doi.org/10.1016/j.qref.2014.11.001" @default.
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