…called). Some portion of that is paid to top management, including the CEO, and the rest goes to shareholders. The board’s job is to ensure that the allocation of those…

…more and collects less. For more numbers, see this post, where I also did a ballpark allocation of responsibility for the deficit and conservatively estimated the Bush administration’s share of…

…in this approximate allocation of responsibility (click to enlarge): AB Data Sources: Numbers for 2001 and earlier are from the 2003 Economic Report of the President , Table B-78: “Federal…

…$3 million: Regarding the allocation of money you describe, which I quote here: (1) 18% for you as the account owner (2) 62% for I and my colleagues (3) 10%…

…extremely unfortunate that he [Gen. Shinseki] has not had more influence on the war planning and the allocation of forces.” Of course, Gen. Shinseki is the Army Chief of Staff,…

…of the aforementioned monetary sages for those conclusions. “Incomplete markets.” “Missed trades.” He’s claiming that shorter collateral chains result in inefficient allocation of financial capital. I’ve got to ask (as…

…It is that latter idea that supports a view of egalitarianism–not that everyone is always “exactly” an equal of others, but that the society’s resource allocation provisions have to counter…

…DeMarzo, Hellwig and Pfleiderer (2011), much larger levels of bank equity as required under Basel III could reduce excessive risk-taking incentives and ensure that future failures in bank-asset allocation do…

In his Defending the One Percent paper, Greg Mankiw is rather grudgingly acknowledging rent-seeking (and -getting) in the financial industry, and the allocation of top talent to that industry. He…

…not. This cost/extraction inevitably (incentives matter) results in less fundamental research, so poorer allocation of resources. The HFTers aren’t paying the cost of that externality. If you’re looking for solid…