and dismissal incentives, most CEOs hold trivial fractions of their firm's stock and ownership levels have declined over the past 50 years. We hypothesize that public and private political forces impose constraints that reduce the pay-performance sensitivity. Declines in both the pay-performance relation

"He who can, does. He who cannot, teaches. “ 1 don't know in what fit of pique George Bernard Shaw wrote that infamous aphorism, words that have plagued members of the teach-ing profession for nearly a century. They are found in "Maxims for Revolutionists, " an appendix to his

Much of the theory in personnel economics relates to effects of monetary incentives on output, but the theory was untested because appropriate data were unavailable. A new data set for the Safelite Glass Corporation tests the predictions that average productivity will rise, the firm will attract a

authority is determined by the structure of information, which in turn depends on the allocation of formal authority. An increase in an agent's real authority promotes initiative but results in a loss of control for the principal. After spelling out (some of) the main determinants of the delegation

architecture. It examines in depth the principles of modern protection architectures and the relation between capability systems and access control list systems, and ends with a brief analysis of protected subsystems and protected objects. The reader who is dismayed by either the prerequisites or the level

To comprehend the results of a randomized, controlled trial (RCT), readers must understand its design, conduct, analysis, and interpretation. That goal can be achieved only through complete transparency from authors. Despite several decades of educational efforts, the reporting of RCTs needs

, and (e) differences in performance on lexieal decision and naming tasks. The model's behavior early in the learning phase corresponds to that of children acquiring word recognition skills. Training with a smaller number of hidden units produces output characteristic of many dys-lexic readers. Naming

This paper summarizes the empirical and theoretical research on executive compensation and provides a comprehensive and up-to-date description of pay practices (and trends in pay practices) for chief executive officers (CEOs). Topics discussed include the level and structure of CEO pay (including

Collaborative filters help people make choices based on the opinions of other people. GroupLens is a system for collaborative filtering of netnews, to help people find articles they will like in the huge stream of available articles. News reader clients display predicted scores and make it easy

This is a digitized copy derived from an ACM copyrighted work. It is not guaranteed to be an accurate copy of the author's original work. This paper develops Brinch-Hansen's concept of a monitor as a method of structuring an operating system. It introduces a form of synchronization