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With our planet's environment facing increasing threat of irreparable damage, academics, practitioners, and policy-makers are becoming more focused on the incentives of individuals, corporations, and governments to act in the interests of the environment. Since the environment is a public good,...
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We develop a participation/ratification/transfer game-theoretic model representing an international environmental agreement, motivated by the recent COP26 Glasgow agreement attempting to eliminate deforestation activities. We consider the economic (including transfers from the developed nations)...
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We analyse the combined effects of bargaining power, managerial ability/effort, and risk-taking strategies on the choice of hedge fund (HF) incentive contracts, and hedge fund performance. In our model, the HF manager and outside investors first negotiate over the type of contract (asymmetric or...
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Financial and industrial economists have increasingly recognized the interaction between product market competition and financing decisions of firms. This paper analyzes the relationship between product market competition (measured by Tobin's Q) and the capital structure of Chinese listed firms...
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