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The value of managers, a matter of market power?

December 1, 2022Industrial Organization No Comments
A person sits in an office chair with their back turned and their hands laced behind their head while they gaze out the window at a beautiful sunny day and the view of the city below.

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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BSE Focus is supported by Severo Ochoa Excellence Grant CEX2024-001476-S funded by:

logos MICIU, AEI, and Severo Ochoa Excellence Program

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