innovation is to have the agents earn their payment by charging membership fees rather than following the status quo in which the … membership fees could actually improve performance without sacrificing membership, simply by mitigating an adverse selection …

The move from traditional to open-access journals—which charge no subscription fees, only submission fees—is gaining … support in academia. We analyze a two-sided-market model in which journals cannot commit to subscription fees when authors … (who prefer low subscription fees because this boosts readership) make submission decisions. This leads to a hold …

public subsidies to education, congestion externalities and/or peer effects …

regulations that require mutual fund advisor fees to be of the fulcrum' variety. We find little justification for the regulations …. Indeed, we find that asymmetric incentive fees' in which the advisor receives a flat fee plus a bonus for exceeding a … component; if asymmetric incentive fees are allowed and leveraging is permitted the equilibrium fee is an incentive fee with a …

, oversight and access comes at the cost of a multiplication of fees paid by the investor. One would expect that the information … advantage of funds of funds would more than compensate investors for these fees. Unfortunately, individual hedge funds dominate … individual hedge fund incentive fees in the form of after-fee returns, although they are in a better position to hedge these fees …

patients with a copy at "reasonable cost." We examine the effects of state laws that cap the fees that doctors and hospitals … of electronic medical record (EMR) systems. We find that patients from states adopting caps on copy fees were …

estimated using original data gathered from a large cross-section of communities with user fees, combined with an even larger … cross-section of towns without user fees but with and without curbside recycling programs. The combined data set is larger …