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http://cide.repositorioinstitucional.mx/jspui/handle/1011/980| Bargaining power dynamics: fat tail distribution análisis | |
| Genaro Basulto Mejía | |
| Sonia Di Giannatale | |
| Acceso Abierto | |
| Atribución-NoComercial-SinDerivadas | |
| Chief executive officers -- Wages -- Effect of negotiation on -- United States -- 2001-2018 -- Mathematical models. Chief executive officers -- Salaries, etc. -- United States. Incentives in industry -- United States. | |
| Drawing from a dynamic principal-agent model characterized by a state variable given by the agent’s initial bargaining power and by a law of motion that governs the changes of their bargaining power, we introduce a fat tail distribution for the productivity possibilities in order to study heterogeneity in CEO compensations by analysing firm and industry-level characteristics. Through a numerical exercise, we find that the productivity possibilities determine CEOs’ compensation size and distribution, but once this is determined, the bargaining dynamics within the firm shape the evolution of this compensation. We also present evidence that our model can describe to a good extent compensation behaviours observed in data. | |
| El autor | |
| 2022 | |
| Tesis de maestría | |
| Inglés | |
| Estudiantes | |
| CIENCIAS SOCIALES | |
| Aparece en las colecciones: | Maestría en Economía |
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| Fichero | Descripción | Tamaño | Formato | |
|---|---|---|---|---|
| 000170590_documento.pdf | 3.12 MB | Adobe PDF | Visualizar/Abrir |