Browsing Department of Business and Management Science by Author "Lensberg, Terje"
Now showing items 1-4 of 4
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Costs and benefits of financial regulation: Short-selling bans and transaction taxes
Lensberg, Terje; Schenk-Hoppe, Klaus Reiner; Ladley, Dan (Journal article; Peer reviewed, 2015)We quantify the effects of financial regulation in an equilibrium model with delegated portfolio manage- ment. Fund managers trade stocks and bonds in an order-driven market, subject to transaction taxes and constraints ... -
Costs and benefits of speculation
Lensberg, Terje; Schenk-Hoppé, Klaus Reiner; Ladley, Daniel (Discussion paper;2012:12, Working paper, 2012-10)We quantify the effects of financial regulation in an equilibrium model with delegated portfolio management. Fund managers trade stocks and bonds in an order-driven market, subject to transaction taxes and constraints ... -
On the Evolution of Investment Strategies and the Kelly Rule – A Darwinian Approach
Lensberg, Terje; Schenk-Hoppé, Klaus Reiner (Discussion paper, Working paper, 2006-12)This paper complements theoretical studies on the Kelly rule in evolutionary finance by studying a Darwinian model of selection and reproduction in which the diversity of investment strategies is maintained through genetic ... -
Social capital formation : some theory and experimental evidence
Heijden, Eline van der; Lensberg, Terje (Discussion paper, Working paper, 2003-01)We use a rule-based decision model to study social capital formation and economic performance, where the agents are sometimes motivated by norms and sometimes by pure self-interest. In this framework, the normative concepts ...