intermediary to impose redemption fees or gates in a crisis - a form of suspension of convertibility - can lead to preemptive runs … uncertainty is resolved before redeeming if redemption fees or gates cannot be imposed, but those same investors would redeem … preemptively if fees or gates are possible. Second, we show that for the intermediary, which maximizes the expected utility only of …

fees in Germany. Fees have to be paid for the use of many public services, for example waste management or sewerage … provisions. Fees should be equivalent to the costs of a public service and thus correspond to the benefit principle in public … finance. The German municipalities, however, have a leeway to determine fees. I use revenue data for around 7,000 West German …

University tuition fees for undergraduates were abolished in Ireland in 1996. This paper examines the effect of this …

management and performance fees charged by hedge funds. We also document how reported performance estimates vary with hedge fund …

.S. borrowers pay significantly higher spreads, but also lower fees, resulting in similar total costs of borrowing in both markets …

to their low fees, triggered the discussion. Recent years brought more and more studies, conducted mostly for the … American market, discrediting high-charging, aggressive funds. First analyses in Poland also indicate, that the level of fees … relation between the fees imposed by the mutual funds and the funds` performance. The idea is to verify, whether higher …

Fees are omnipresent in markets but, with few exceptions, are omitted in economic models-such as Double Auctions … Auctions hinges on whether the fees are homogeneous (as, e.g., fixed fees and price fees) or heterogeneous (as, e.g., bid …-ask spread fees). Double Auctions with homogeneous fees share the key advantages of Double Auctions without fees: markets with …

management and performance fees charged by hedge funds. We also document how reported performance estimates vary with hedge fund …