Using instrumental variables approach, this paper investigates whether an increase in stockbased compensation for CEOs is associated with a reduction in the dollar value of all other CEO compensation, as agency theory would suggest. I find that, on the contrary, larger stock-based compensation is on average accompanied by larger other components of CEO compensation. Similar results are obtained...

Abstract: In this paper, we extend the Blackwell (1953) comparison of experiments to a strategic setting. We introduce a new partial order more strategically informative — information held by players is “better” — and prove it is equivalent to the partial order more strategically valuable — the ability to induce more equilibrium payoff vectors in all Bayesian games. The conditions we provide ar...

Visual attention has long been known to be drawn to stimuli that are physically salient or congruent with task-specific goals. Several recent studies have shown that attention is also captured by stimuli that are neither salient nor task-relevant, but that are rendered in a color that has previously been associated with reward. We investigated whether another feature dimension-orientation-can b...