“Performance Pay and Top-Management Incentives” (with Michael C. Jensen). 98 Journal of Political Economy April 1990). [Reprinted in The Economics of Executive Compensation (K. J. Murphy and K. Hallock, eds.) ( Edward Elgar Publishing, 1999) and The Economics of Executive Compensation (K. J. Murphy and K. Hallock, eds.) (Edward Elgar Publishing, 1999).]
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