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A mechanical rebalancing strategy, such as a monthly or quarterly reallocation towards fixed portfolio weights, is an active strategy. Winning asset classes are sold and losers are bought. During crises, when markets are often trending, this can lead to substantially larger drawdowns than a...
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borrowers likely involve fewer monitoring tools and weaker control rights. We evaluate these explanations of cov-lite contract …
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borrowers likely involve fewer monitoring tools and weaker control rights. We evaluate these explanations of cov-lite contract …
Persistent link: https://www.econbiz.de/10012995760
can be withdrawn after observation of competitors’ contract offers. We show that an equilibrium always exists where … consumers obtain their respective Wilson-Miyazaki-Spence (WMS) contract. Jointly profit-making contracts can also be sustained …
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's (1976) model of competitive insurance. I allow for stochastic contract offers by insurance firms and show that a unique …
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Various doctrines of contract and consumer protection law allow courts to strike down unfair contract terms. A large … systematically – what provision should replace the vacated unfair term? How should a distributively unfair contract be fixed? This …
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