This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...

This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...

This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...

Dieser Band stellt Ideen, Konzepte, Modelle und Strategien vor, die auf dem "Ersten operativen Kongress gegen die Jugendarbeitslosigkeit in Europa" im Juni 2014 in Saarbrücken erarbeitet und präsentiert wurden. 507 Teilnehmer aus 24 Ländern sind gekommen: Junge Menschen aus ganz Europa,...