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Marketing and distribution expenses are responsible for about a third of the cost of active management in the mutual … fund industry. We develop and estimate a structural model of mutual fund marketing with learning about unobserved skill and … costly investor search. Our estimates suggest that marketing is nearly as important as performance and fees for determining …
Persistent link: https://www.econbiz.de/10012480709
This chapter provides new evidence on educational inequality and reviews the literature on the causes and consequences of unequal education. We document large achievement gaps between children from different socio-economic backgrounds, show how patterns of educational inequality vary across...
Persistent link: https://www.econbiz.de/10013191073
used to identify strengths and limitations of water markets in: (1) Australia's Murray-Darling Basin; (2) Chile (in …
Persistent link: https://www.econbiz.de/10012462452
, using data from both the U.S. and Australia. When incidence growth is controlled for, there is a highly significant …% in the U.S. between 1976 and 2002, and by about 15% in Australia between 1984 and 2001 …
Persistent link: https://www.econbiz.de/10012462603
Australia's MDB and the western US and their prospects for addressing water scarcity. The two regions share a number of …, market structure and government regulation. We show that rights are more clearly defined and trading more common in Australia …
Persistent link: https://www.econbiz.de/10012462853
several former colonies of Great Britain: the United States, Canada, Australia, New Zealand and South Africa. We trace out …
Persistent link: https://www.econbiz.de/10012468857
, largely due to the fact that students significantly outnumber teachers. Data from North Carolina, Wisconsin, Australia …
Persistent link: https://www.econbiz.de/10012496173
This paper examines the pattern of self-employment in Australia and the United States. We particularly focus on the … US but were not a significant influence in Australia. However, the factors influencing the probability of leaving self …
Persistent link: https://www.econbiz.de/10012475259
Persistent link: https://www.econbiz.de/10014246453
remotely one or more days per week rose more than three-fold in the U.S and by a factor of five or more in Australia, Canada …
Persistent link: https://www.econbiz.de/10014247927