Incentives and the Delegation of Decision Making Power in Sovereign Wealth Funds
The paper models the incentives of a politician to delegate the decision making power in a sovereign wealth fund to an 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 t...
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| I publikationen: | MAGKS - Joint Discussion Paper Series in Economics (Band 17-2011) |
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| Huvudskapare: | |
| Materialtyp: | Arbeit |
| Språk: | engelska |
| Publicerad: |
Philipps-Universität Marburg
2011
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| Ämnen: | |
| Länkar: | PDF-fulltext |
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MAGKS - Joint Discussion Paper Series in Economics