The value of managers, a matter of market power?
Renjie Bao, Jan De Loecker, and Jan Eeckhout build and estimate a structural model that decomposes the origins of manager pay into those that are due to market power and those due to firm size.
Renjie Bao, Jan De Loecker, and Jan Eeckhout build and estimate a structural model that decomposes the origins of manager pay into those that are due to market power and those due to firm size.
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