“Hold-up” in Finance: The Conditions of Possibility for High Bonuses in the Financial Industry

Pay in the financial industry can be very high, and understanding how it gets determined is a key to understanding the wage labor nexus. The fact that some employees acquire “holdup” power is more relevant in explaining this phenomenon than the idea of optimal effort incentives. To better understa...

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Dettagli Bibliografici
Autore principale: Godechot, Olivier
Natura: Article ou chapitre numérique
Lingua:Français
Pubblicazione: 2009
Accesso online:Accès Université d'Orléans et IFPM
Accès Université d'Orléans et IFPM

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