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Carhart, M. (1997), On Persistence in Mutual Fund Performance, Journal of Finance, 52, 57-82.
Holmstrom, B. (1982), Moral Hazard in Teams, Bell Journal of Economics, 13: 2, 324340
Sharpe, W.F. (1981), Decentralized Investment Management, Journal of Finance, 36, 217-234.
Shleifer, A. (1985), A Theory of Yardstick Competition, RAND Journal of Economics, 16, 319-327.
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