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We consider natural axioms for allocating the income of museum pass programs. Two allocation rules are characterized and are shown to coincide with the Shapley value and the equal division solution of the associated TU-game introduced by Ginsburgh and Zang (2003).
Persistent link: https://www.econbiz.de/10008543490
true benefit of the investment. Major considerations must include performance, management and fees; which ultimately … individually managed mutual funds, however studies lack this comparison of performance based on fund fees and investment objective … fees affect overall returns to the investor. Using the 2010 Center for Research in Security Prices (CRSP) database, this …
Persistent link: https://www.econbiz.de/10009450245
This study provides empirical evidence on how the association between the economic importance of a client to the auditor and earnings management is moderated by the audit committee. We employ city office-level client importance fee-based measures, both performance-adjusted discretionary total...
Persistent link: https://www.econbiz.de/10009459106
key revenue source is service fees and charges, including fines. Premised on the notion of user pays, service fees and …
Persistent link: https://www.econbiz.de/10009484591
investment. The sources of funds for investment are the fees and charges for the use of natural resources and compensation for … debts. The original revenues for the use of natural values, goods and capital in Serbia, as well as revenues from fees for …
Persistent link: https://www.econbiz.de/10010969135
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, management and incentive fees, and other conventional control variables. Since FOFs underperform MS funds on both netand gross …
Persistent link: https://www.econbiz.de/10010957220
The refinancing loan has represented until recently, for individuals, a complicated, expensive and risky way to finance current financial needs. Until the outbreak of the economic and financial crisis, banks were offering more credit alternatives, refinancing being relatively sidelined in the...
Persistent link: https://www.econbiz.de/10010926058
but they have a positive effect on the fees and commissions. However, we find that ATMs have a negative effect on the net …
Persistent link: https://www.econbiz.de/10011266447
Persistent link: https://www.econbiz.de/10005245390