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advantage in the final stage. We examine such momentum in conflict scenarios and investigate how valuable it must be to avoid a …, rent dissipation in the two-stage conflict is equal across party whether or not an individual obtains first-stage momentum … as useful conflict benchmarks, they dissipate additional expected contest rents. This additional rent-dissipative toll …
Persistent link: https://www.econbiz.de/10013171901
Persistent link: https://www.econbiz.de/10012610384
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For multiple decades, activists have sought to institute an international legal regime that limits the ability of despotic governments to borrow money and then shift those obligations onto more democratic successor governments. Our goal in this article is to raise the possibility of an alternate...
Persistent link: https://www.econbiz.de/10012910990
The term "portfolio analysis, " introduced in economic theory by Harry Markowitz, is not new in scientific literature …
Persistent link: https://www.econbiz.de/10014344310
We examine the dynamics of assets under management (AUM) and management fees at the portfolio manager level in the closed-end fund industry. We find that managers capitalize on good past performance and favorable investor perception about future performance, as reflected in fund premiums,...
Persistent link: https://www.econbiz.de/10011550404
We examine the dynamics of assets under management (AUM) and management fees at the portfolio manager level in the closed-end fund industry. We find that managers capitalize on good past performance and favorable investor perceptions about future performance, as reflected in fund premiums,...
Persistent link: https://www.econbiz.de/10013007812
In this article, we extend the application of cooperative game theory to the so-called low-risk puzzle. Specifically … previously been considered in portfolio risk allocation using cooperative game theory. We demonstrate our idea through a … advance further developments in portfolio theory. …
Persistent link: https://www.econbiz.de/10015409028
This paper addresses management of sovereign wealth from the perspective of the theory of contingent claims. Starting …
Persistent link: https://www.econbiz.de/10013073978
results confirm an interplay between a modern portfolio theory, Efficient Market Hypothesis (EMH), contract theory, and … general economic theory, and also provide new insights for stakeholders in investment decisions and strategies, cross …
Persistent link: https://www.econbiz.de/10012503437