“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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| Format: | Article ou chapitre numérique |
| Language: | Français |
| Published: |
2009
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| Online Access: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |