Showing 1 - 10 of 3,841
-rider incentives that make the outcome of such games notoriously uncooperative. Adopting an international agreement can change the … international agreements as variations of the public-goods game, and examine the incentives for cooperation under each alternative …. The addition of cap-and-trade rules to the basic public-goods game is found to polarize the free-rider incentives of that …
Persistent link: https://www.econbiz.de/10014044933
strong incentives to free ride. Adding a cap-and-trade mechanism to such a game makes the outcome less cooperative. It …
Persistent link: https://www.econbiz.de/10014195754
The Kyoto summit initiated an international game of cap and trade. Unlike a national policy, the essence of this game is the self-selection of national emission targets. This differs from the standard global public-goods game because targets are met in the context of a global carbon market. This...
Persistent link: https://www.econbiz.de/10014191875
-regarding preferences and a re-election incentives guarantee that delegates assign equal contributions for all group members. Since the …
Persistent link: https://www.econbiz.de/10010396026
Persistent link: https://www.econbiz.de/10000332963
Persistent link: https://www.econbiz.de/10013455219
We examine whether funds that lag performance around the world increase their risk exposure to improve performance with the intention that larger returns will attract new capital inflow and will boost the fund manager´s fees. Previous research confirmed that underperforming funds increased...
Persistent link: https://www.econbiz.de/10014087454
Persistent link: https://www.econbiz.de/10001482376
Progressive legal scholars argue that institutional investors should play a greater role in disciplining corporate managers. These reformers seek to harness the talent and resources of mutual funds and public pension funds to increase managerial accountability to shareholder interests....
Persistent link: https://www.econbiz.de/10013160384
Persistent link: https://www.econbiz.de/10012252700