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Contract design and bargaining power

✍ Scribed by Roman Inderst

Book ID
117332145
Publisher
Elsevier Science
Year
2002
Tongue
English
Weight
51 KB
Volume
74
Category
Article
ISSN
0165-1765

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## Abstract Modern corporate governance codes include clauses requiring the disclosure of managerial compensation. Such codes have been installed to protect shareholders' interests. In this paper, we explore the impact of such disclosure on consumer welfare. We consider two‐stage delegation games i