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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...
Guardado en:
| Publicado en: | MAGKS - Joint Discussion Paper Series in Economics (Band 17-2011) |
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| Autor principal: | |
| Formato: | Arbeit |
| Lenguaje: | inglés |
| Publicado: |
Philipps-Universität Marburg
2011
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| Materias: | |
| Acceso en línea: | Texto Completo PDF |
| Etiquetas: |
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