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Implementing efficient market structure
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2000
Persistent link: https://www.econbiz.de/10001521724
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Implementing efficient market structure
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2000
Persistent link: https://www.econbiz.de/10001470244
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Implementing efficient market structure
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2000
This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the …
Persistent link: https://www.econbiz.de/10001474245
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Modellierung und Analyse des Dachfondskonzepts mit Hilfe der multiplen Prinzipal-Agenten-Theorie
Günnewig, Daniel - 2004
Persistent link: https://www.econbiz.de/10002611243
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Investment Choice with Managerial Incentive Schemes
Sarkar, Shubhro - 2020
In this paper, we show that firms might get an additional strategic benefit from using marginal-cost-reducing investments in conjunction with a managerial incentive scheme. While both these instruments allow firms to “aggressively” participate in product market competition, we show that they...
Persistent link: https://www.econbiz.de/10012848382
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Optimal Managerial Hedging and Contracting with Self-Esteem Concerns
Choe, Chongwoo - 2015
Motivated by psychological evidence that self-esteem plays an important role in individual decision-making, this paper studies how self-esteem concerns influence a manager's effort choice and hedging behavior and how a board designs the managerial compensation in response. We show that when the...
Persistent link: https://www.econbiz.de/10013035750
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Double Bonus? Implicit Incentives for Money Managers with Explicit Incentives
Gregoire, Vincent - 2019
(performance fees) and implicit incentives (fund flows) of asset managers. Funds with performance fees face substantially steeper …
Persistent link: https://www.econbiz.de/10012901776
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Which Incentives Do Portfolio Managers' Compensations Induce?
Wang, Yanjie; Xu, Jing - 2022
Mutual fund managers' compensation packages often contain relative performance-dependent components such as year …
Persistent link: https://www.econbiz.de/10014238831
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The Incentive Fee Hypothesis : Do Large Incentive Fees Provide a Disincentive for Asset Hoarding Amongst Fund Managers?
Ghijben, David - 2011
Fund managers are paid a fixed management fee in proportion to their assets under management. This means to maximize … revenue, managers hoard assets. Whilst this results in increased revenue for the manager often, due to diseconomies of scale … this perverse incentive. The ‘incentive fee hypothesis' states that once managers become sufficiently incentivized to …
Persistent link: https://www.econbiz.de/10013134326
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Three essays in insurance
Polborn, Mattias - 1997
Persistent link: https://www.econbiz.de/10001355117