RFE: Conference Listings
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The Paul Woolley Centre was established at the London School of Economics, UK
- June 04-05, 2015
- Eighth annual conference of The Paul Woolley Centre for the Study of Capital Market Dysfunctionality
- London, London School of Economics LSE, United Kingdom
- The main themes are: - Contracts and organisational structure: What contracts should govern the agency relationship between investors and fund managers? How do contracts influence managers' investment policies? What determines the organisational structure of the fund-management industry?- Market frictions and asset prices: How do frictions such as asymmetric information, market-entry costs, or agency, impact the informational efficiency of prices? What are the implications for market liquidity and for phenomena such as excess volatility or contagion?- Allocative efficiency and the macro-economy: Frictions can generate allocative inefficiencies, such as imperfect risk sharing and misallocation of capital in the macroeconomy. How important are these inefficiencies and how can they be measured? - Policy implications: Can regulatory policies mitigate market inefficiencies? For example, can changes in contracts between investors and managers, or the introduction of new assets, generate Pareto-improvements?[gem?_?? den Informationen des Anbieters - according to site editor's information]
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