This paper provides a selective review of the theoretical literature on delegated portfolio management as a principal-agent relationship. The main focus of the paper is to review the analytical issues raised by the peculiar nature of the delegated portfolio management relationship within the...

This paper reviews the literature on two-sided atomeless assignment models of workers to tasks. Using simple parametric examples, the fundamental differences between the comparative advantage and the scale of operations models are illustrated. Holding the distributions of abilities and tasks and...

Die Entwicklung der Computer und die darauf aufbauende Digitalisierung haben technologische Veränderungen ausgelöst, die die Anforderungen an und die Nachfrage nach Arbeit, aber auch das Arbeitsangebot in den letzten Dekaden stetig verändert haben. Wie groß die kausalen Effekte dieser...