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1 - 1 van 1 voor trader abilities
dp204.indd
... , and why direct intervention in trader compensation is called for. we present a model with both trader moral hazard and adverse selection on trader abilities. we demonstrate that as competition ... induced by traders' incentive contracts when there is both trader moral hazard over investment projects and adverse selection on trader abilities. banks use compensation schemes both to incentivize traders ...
cpb.nl
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