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Incentives and the delegation of decision making power in sovereign wealth funds
Grigoryan, Artur - 2011
independent external manager. It formalizes the learning-effects as well as the increase of transparency of the SWF and the rise … of investment possibilities associated with higher transparency. It also focuses on the role of elections as a basic … socially optimal and under which circumstances it takes place. -- Sovereign Wealth Fund (SWF) ; Transparency ; Policy …
Persistent link: https://www.econbiz.de/10008990540
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Incentives and the delegation of decision making power in sovereign wealth funds
Grigoryan, Artur - 2011
independent external manager. It formalizes the learning-effects as well as the increase of transparency of the SWF and the rise … of investment possibilities associated with higher transparency. It also focuses on the role of elections as a basic … socially optimal and under which circumstances it takes place. -- Sovereign Wealth Fund (SWF) ; Transparency ; Policy …
Persistent link: https://www.econbiz.de/10009008096
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Ist die Währungsunion zu retten? : für einen anreizeffizienten Krisenmechanismus
Klodt, Henning - 2011
Sind die Maßnahmen des Europäischen Stabilitätsmechanismus geeignet, Schuldenkrisen wie die in Griechenland und Portugal künftig zu verhindern? Eindeutig nicht, denn private Investoren profitieren nach wie vor von den hohen Zinsen der notleidenden Staatsschuldtitel, ohne angemessen an den...
Persistent link: https://www.econbiz.de/10008908320
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Do Foreign Aid Transfers Distort Incentives and Hurt Growth? Theory and Evidence from 75 Aid-Recipient Countries
Economides, George; Kalyvitis, Sarantis C.; … - 2021
In this paper, foreign aid transfers can distort individual incentives, and hence hurt growth, by encouraging rent-seeking as opposed to productive activities. We construct a model of a small growing open economy that distinguishes two effects from foreign transfers: (i) a direct positive...
Persistent link: https://www.econbiz.de/10013319369
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Incentives for International Environmental Cooperation : Theoretic Models and Economic Instruments
Schmidt, Carsten - 1999
This paper surveys the rapidly growing theoretical literature on international environmental agreements. The surveyed contributions are classified according to the conceivable strategies to create incentives for the participation in and compliance with environmental conventions. The proposed...
Persistent link: https://www.econbiz.de/10014209745
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Incentives for separation and incentives for public good provision
Staal, Klaas - 2006
In this paper I examine the incentives of regions to unite, to separate and to provide public goods. Separation allows for greater influence over the nature of political decision making while unification allows regions to exploit economies of scale in the provision of public goods. When public...
Persistent link: https://www.econbiz.de/10010365871
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The Incentive Fee Hypothesis : Do Large Incentive Fees Provide a Disincentive for Asset Hoarding Amongst Fund Managers?
Ghijben, David - 2011
Fund managers are paid a fixed management fee in proportion to their assets under management. This means to maximize revenue, managers hoard assets. Whilst this results in increased revenue for the manager often, due to diseconomies of scale, it results in lower returns for the investor. Here we...
Persistent link: https://www.econbiz.de/10013134326
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Incentive Compatibility on the Blockchain
Chiu, Jonathan - 2018
A blockchain is a digital ledger that keeps track of a record of ownership without the need for a designated party to update and enforce changes to the record. The updating of the ledger is done directly by the users of the blockchain and is traditionally governed by a proof-of-work (PoW)...
Persistent link: https://www.econbiz.de/10012913918
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The dilemma of delegating search : budgeting in public employment services
Addison, John T.; Altemeyer-Bartscher, Martin; Kuhn, Thomas - 2010
The poor performance often attributed to many public employment services may be explained in part by a delegation problem between the central office and local job centers. In markets characterized by frictions, job centers function as match-makers, linking job seekers with relevant vacancies....
Persistent link: https://www.econbiz.de/10009006957
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Capital budgeting and delegation
Harris, Milton - In: Journal of financial economics 50 (1998) 3, pp. 259-289
Persistent link: https://www.econbiz.de/10001252583