The labor market and corporate structure
نویسندگان
چکیده
منابع مشابه
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Supplemental material for the proof of Lemma 1 : Consider the case in which some directors are never pivotal. This case gives rise to multiple equilibria. If a director is pivotal with probability zero, his action does not a¤ect his utility, and hence any strategy of this director is optimal given the strategies of other directors. Hence, there exist two symmetric equilibria, where all director...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 2002
ISSN: 0014-2921
DOI: 10.1016/s0014-2921(01)00199-4