What is Fair Pay for Executives? An Information Theoretic Analysis of Wage Distributions
The high pay packages of U.S. CEOs have raised serious concerns about what would constitute a fair pay. Since the present economic models do not adequately address this fundamental question, we propose a new theory based on statistical mechanics and information theory. We use the principle of maximu...
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| Format: | Article |
| Language: | English |
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MDPI AG
2009-11-01
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| Series: | Entropy |
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| Online Access: | http://www.mdpi.com/1099-4300/11/4/766/ |