On the Regulation of Fee Structures in Mutual Funds
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We offer an alternative framework for the analysis of mutual funds and use it to examine the rationale behind existing regulations that require mutual fund advisor fees to be of the fulcrum' variety. We find little justification for the regulations. Indeed, we find that asymmetric incentive fees' in
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美国国家经济研究局创建时间：
1998-07-01
