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Keywords: HL elasticity model
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Journal Articles
Journal:
Journal of Indian Business Research
Journal of Indian Business Research (2014) 6 (2): 90–127.
Published: 10 June 2014
... sensitivity model was tested. Second, the pay–performance elasticity model of Hall and Liebman (1998) , henceforth HL elasticity model was used. Neither the sensitivity nor elasticity model strictly dominates the other (Murphy, 1999). The first definition is valid only under the assumption that the prospect...
