- Search
Search
- LoginAccess your ApplicationFor current applicantsOr learn more about our programmes and applyAccess MyINSEADFor current participants and alumni
Related Faculty

Ehud Lehrer
Research Professor at INSEAD
Keywords
Screening Problem; Reward Schemes; Investment Game; JEL Classification: C72; G11; G24 ;
Journal Article
Lagziel D., Lehrer E. (Forthcoming). Transferable Deposits as a Screening Mechanism Economic Theory
The authors design incentive schemes for portfolio managers that screen low-skill managers: only the best portfolio managers, in terms of expected payoffs, agree to participate in a single-period investment. The results hold in general financial markets, where uninformed investors face managers of different capabilities, and can only observe their one-stage realized returns.