himaginary https://blog.hatena.ne.jp/himaginary/ himaginary’s diary https://himaginary.hatenablog.com/ 経済 以下はAndrea M. Buffa（ボストン大）、Dimitri Vayanos（LSE）、Paul Woolley（LSE）による「Asset Management Contracts and Equilibrium Prices」というNBER論文（ungated版）の要旨。 We study the joint determination of fund managers' contracts and equilibrium asset prices. Because of agency frictions, investors make managers' fees more sen… 190 <iframe src="https://hatenablog-parts.com/embed?url=https%3A%2F%2Fhimaginary.hatenablog.com%2Fentry%2F20140916%2FAsset_Management_Contracts_and_Equilibrium_Prices" title="資産運用契約と均衡資産価格 - himaginary’s diary" class="embed-card embed-blogcard" scrolling="no" frameborder="0" style="display: block; width: 100%; height: 190px; max-width: 500px; margin: 10px 0px;"></iframe> Hatena Blog https://hatena.blog 2014-09-16 00:00:00 rich https://himaginary.hatenablog.com/entry/20140916/Asset_Management_Contracts_and_Equilibrium_Prices 1.0 100%