Executive Compensation: A General Equilibrium Perspective

B-Tier

Journal: Review of Economic Dynamics

Year: 2015

Volume: 18

Issue: 2

Pages: 269-286

Authors (2)

Jean-Pierre Danthine (Paris School of Economics) John Donaldson (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

We study the dynamic general equilibrium of an economy where risk averse shareholders delegate the management of the firm to risk averse managers.