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    • Dynamic Incentives in the Sport of Kings 

      Boyle, G.; Guthrie, G.; Gorton, L. (University of Canterbury. Department of Economics and Finance, 2006)
      Can the reputational incentives that arise in a dynamic setting mitigate standard agency problems, as Fama (1980) suggests? We examine this issue using data from the horse racing industry, where trainers have an incentive ...