The Incentive Bubble
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Harvard Business Review 90, no. 3 (March 2012).
Outsourcing pay decisions to financial markets has skewed compensation and, with it, American capitalism.
Mihir Desai's academic publications have appeared in leading economics, finance, and law journals. His work has emphasized the appropriate design of tax policy in a globalized setting, the links between corporate governance and taxation, and the internal capital markets of multinational firms. His research has been cited in The Economist, BusinessWeek, The New York Times, and several other publications.