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Persistent link: https://www.econbiz.de/10011276347
Persistent link: https://www.econbiz.de/10011276348
We present a new model of investors delegating portfolio management to professionals based on trust.  Trust in the manager reduces an investor?s perception of the riskiness of a given investment, and allows managers to charge fees.  Money managers compete for investor funds by setting fees,...
Persistent link: https://www.econbiz.de/10011276349
Economic analysis of rank-order tournaments has shown that intensified competition leads to declining performance. Empirical research demonstrates that individuals in tournament-type contests perform less well on average in the presence of larger number of competitors in total and superstars....
Persistent link: https://www.econbiz.de/10011276350
Many tournaments take place in the public eye; imbuing the outcomes with signaling value. In this article, the results of an online field experiment on signaling incentives in these public tournaments are presented. In one treatment, tournament outcomes were made available to competitors' peers....
Persistent link: https://www.econbiz.de/10011276351
While the empirical literature on intergenerational mobility is politically controversial, it is not obvious what the implications of intergenerational status transmission for optimal policy are. Addressing this question, this paper studies the local comparative statics of optimal income taxes...
Persistent link: https://www.econbiz.de/10011276352
Our study provides the first evidence of positive and substantial long-run impacts of intensive math instruction on college entrance exam scores, high school graduation rates, and college enrollment rates. We also show that the intervention was most successful for students with relatively high...
Persistent link: https://www.econbiz.de/10011276353
As one phase of a serial study on how East Asian Buddhists interpreted and practiced the Vinaya rule concerning music, this article aims to provide a brief overview of four renowned reciters and chanters depicted in the Buddhist law texts preserved in Sanskrit, PÄli, Chinese, and Tibetan.
Persistent link: https://www.econbiz.de/10011276354
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