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dc.creatorDam, Kaniska
dc.date.issued2009
dc.identifier96617.pdf
dc.identifier.urihttp://hdl.handle.net/11651/1235
dc.descriptionProduct market competition, managerial compensation, competencia en el mercado de producto, compensación del gerente
dc.description.abstractWhen a manager’s principal task is to organize production more efficiently, the intensity of the product market competition is crucial in determining the nature of firm-manager matching as well as the structure of managerial incentive. The firm-manager market is modeled as a two-sided matching game. If greater competition leads to increasing (decreasing) returns to cost-reduction, then a firm that faces more intense competition employs a manager with higher (lower) wealth, offers higher (lower) bonus and compensation, and has lower (higher) managerial slack. We further analyze the effects of