منابع مشابه
Intermediated investment management in private markets: Evidence from pension fund investments in real estate ¬リニ
We evaluate the economics of financial intermediation in alternative assets by investigating the allocation and performance of pension fund investments in real estate, the most significant alternative asset class for institutional investors. We document substantial heterogeneity in real estate investment cost and performance, determined by two main factors: mandate size and investment approach....
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Hurricane Katrina did massive damage because New Orleans and the Gulf Coast were not appropriately protected. Wherever natural disasters threaten, the government – in its traditional role as public goods provider – must decide what level of protection to provide to an area. It does so by purchasing protective capital, such as levees for a low-lying city. (“Protection” also consists of not impos...
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International climate policy has assigned the leading role in emissions abatement to the industrialized countries while developing countries remain uncommitted to binding emission reduction targets. However, cooperation between the industrialized and the developing world through joint implementation of emission abatement promises substantial economic gains to both parties. In this context, the ...
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The primary objective of this article is to develop an economics-based analytical framework for assessing the impact of government incentives/regulations designed to offset the tendency to underinvest in cybersecurity related activities by private sector firms. The analysis provided in the article shows that the potential for government incentives/regulations to increase cybersecurity investmen...
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ژورنال
عنوان ژورنال: Intereconomics
سال: 1968
ISSN: 0020-5346,1613-964X
DOI: 10.1007/bf02930241