Browsing Discussion papers (SAM) by Subject "performance"
Now showing items 1-2 of 2
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Explicit and implicit incentives in fund management
(Discussion paper, Working paper, 2001-01)Fund managers compete to attract new investors. Competition and fund management contracts provide implicit and explicit incentives for fund management. I study the combined effect of these two types of incentives on i) ... -
Innocuous Exam Features? The Impact of Answer Placement on High-Stakes Test Performance and College Admissions
(DP SAM;04/2024, Working paper, 2024-04-14)We exploit randomness in college entrance exams in Colombia to study how the placement of answers impacts multiple-choice test results and access to college. Using administrative data, we find that: first, applicants are ...