TY - BOOK ID - 138636802 TI - The Investment Game in Private Equity PY - 2022 SN - 9789004517844 9789004514638 PB - Leiden ; Boston : Brill, DB - UniCat KW - Capital investment KW - International law KW - Game theory KW - Capital investment. KW - International law. KW - Game theory. UR - https://www.unicat.be/uniCat?func=search&query=sysid:138636802 AB - In The Investment Game in Private Equity, Mika Lehtimäki discusses the legal and contractual relationship between investors and managers of private equity funds as well as the economic incentives governing their relationship. Based on this analysis he sets out a game-theoretical framework for evaluating the role of regulation and contract in asset management. He argues that the contractual ‘investment game’ between the parties, noting their outcome maximisation objective, results in much of the current fund regulation being non-optimal from the investor perspective. This means that the parties are able to control, subject to qualifications relating to the bargaining process, their relationship and the protect their interests contractually instead of resorting to extensive regulation. ER -