Some Unpleasant General Equilibrium Implications of Executive Incentive Compensation Contracts

John B. Donaldson, Natalia Gershun, Marc P. Giannoni

NBER Working Paper No. 15165
Issued in July 2009

---- Acknowledgements ----

The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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