Compared to mature investment firms, first-time funds in private equity lack an investment and performance track record, and require alternative signals to establish initial trust with investors. The paper finds that investors allocate more capital to first-time funds if they have a higher share of managers with relevant experience, such as from another private equity group or a bank. In partic...

We give an explicit proof of the result that non trivial conserved n−2 forms for a spin 2 field on a background corresponding to a solution to Einstein’s equation (with or without cosmological constant) are characterized uniquely by the Killing vector fields of the background. ∗ Research Associate of the National Fund for Scientific Research (Belgium). In dimensions n > 2, a consistent theory f...

Starting up a new lab is of a course a great challenge, but few young PIs will realize that getting started is the easy part. Indeed, once the lab is up and running, and hopefully doing very well, a whole new set of challenges emerges on top of the typical ones like fund raising and paper publication. Perhaps most dauntingly, you’ll be expected to manage the different people in your group, buil...

Funding agencies use many different criteria and peer review strategies to assess grant proposals.

Although many think campaign donations buy influence from legislators, scholars have difficulty determining whether and how much influence contributions have in the legislative process. Many studies seek to identify the influence of donors on roll call votes. After considerable debate most scholars have concluded that donors have little influence on these votes. What voting studies cannot detec...

As required by law, this Advisory Council was appointed by the Secretary of Health, Education, and Welfare in 1963. It, is the second Advisory Council appointed under the Social Security Amendments of 1956. The first was appointed in 1957 and made its report on January 1, 1959. Under the law other advisory councils are to be appointed in 1966 and every fifth year thereafter. Like the preceding ...

Various aspects of the role of uncertainty in greenhouse gas emission reduction policy are analyzed with the integrated assessment model FUND. FUND couples simple models of economy, climate, climate impacts, and emission abatement. Probability distribution functions are assumed for all major parameters in the model. Monte Carlo analyses are used to study the e!ects of parametric uncertainties. ...