Hedge fund managers charge management fees on assets under management (AUM) and incentive fees indexed to the high-water mark (HWM). We study the effects of fees and alpha on managerial dynamic leverage choice and valuation. Our main results are: (i) high-powered incentive fees encourage excessive risk taking, while management fees have the opposite effect; (ii) agency conflicts have significan...

BACKGROUND Mediation of potentially violent conflicts is a key component of CeaseFire, an effective gun violence-prevention programme. OBJECTIVE To describe conflicts mediated by outreach workers (OW) in Baltimore's CeaseFire replication, examine neighbourhood variation, and measure associations between conflict risk factors and successful nonviolent resolution. METHODS A cross-sectional st...

What determines the vulnerability of protected areas, a fundamental component of biodiversity conservation, to political instability and warfare? We investigated the efficacy of park protection at Garamba National Park (Democratic Republic of Congo) before, during and after a period of armed conflict. Previous analysis has shown that bushmeat hunting in the park increased fivefold during the co...

The concept of protecting civilians in armed conflict is enshrined in international humanitarian law and widely acknowledged in humanitarian norms. Making this concept operational in humanitarian service delivery is a challenge. Yet, there are many ways in which humanitarian workers could learn from local people about underlying tensions in their community and with these new insights adjust ser...

following the collapse of the soviet :union: and independence of former soviet :union:republics, previous economic relations among centralasianrepublics changed and were replaced with the market economy. tensions have emerged between upstream and downstream countries located along transboundary rivers with downstream countries even resorting to threat of military action against possible restric...

Since 1945 Canada has had a nuclear power industry based on reactor design which uses natural uranium and heavy water. The tortuous and improbable sequence of events which led to this situation is examined.

BACKGROUND Designing effective public health campaigns in areas of armed conflict requires a nuanced understanding of how violence impacts the epidemiology of the disease in question. METHODS We examine the geographical relationship between violence (represented by the location of detonated Improvised Explosive Devices) and polio incidence by generating maps of IEDs and polio incidence during...