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How Should the Firm Compensate Managers to Maximize Performance?

Sharan Jagpal

in Fusion for Profit: How Marketing and Finance Can Work Together to Create Value

Published in print:
2008
Published Online:
September 2008
ISBN:
9780195371055
eISBN:
9780199870745
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195371055.003.0015
Subject:
Business and Management, Marketing

This chapter shows how the firm should determine compensation for its managers. It distinguishes between ownership structures (i.e., whether the firm is privately or publicly held), the length of the ... More


Finite‐Horizon Learning Crisis *

William Branch, George W. Evans, and Bruce McGough

in Macroeconomics at the Service of Public Policy

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199666126
eISBN:
9780191749278
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199666126.003.0009
Subject:
Economics and Finance, Macro- and Monetary Economics

Incorporating adaptive learning into macroeconomics requires assumptions about how agents incorporate their forecasts into their decision‐making. We develop a theory of bounded rationality that we ... More


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