| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3070 |
| DP3070 A Multivariate Model of Strategic Asset Allocation | |
| John Y Campbell; Luis Viceira; Yeung Lewis Chan | |
| 发表日期 | 2001-11-11 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | In many situations the individuals who can generate some output must enter a contest for appropriating this output. This Paper analyses the investment incentives of such agents and the role of incumbency advantages in the contest. Depending on the advantages, an increase in the productivity of the investment can decrease or increase the amount of investment. The results are applied to autocrats' investment behaviour and job specific investment in organizations. |
| 主题 | Public Economics |
| 关键词 | investment Endogenous property rights Contests Incumbency advantage Proprietry states |
| URL | https://cepr.org/publications/dp3070 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532102 |
| 推荐引用方式 GB/T 7714 | John Y Campbell,Luis Viceira,Yeung Lewis Chan. DP3070 A Multivariate Model of Strategic Asset Allocation. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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