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Incentives Versus Sorting in Tournaments: Evidence from a Field Experiment

Leuven, Edwin; Oosterbeek, Hessel; Sonnemans, Joep; van … - C.E.P.R. Discussion Papers - 2008

A vast body of empirical studies lends support to the incentive effects of rank-order tournaments. Evidence comes from … tournaments may bias these non-experimental studies, whereas short task duration or lack of distracters may limit the external … where students selected themselves into tournaments with different prizes. Within each tournament the best performing …

Persistent link: https://www.econbiz.de/10005136509

Does Competition Reduce the Risk of Bank Failure?

Martinez-Miera, David; Repullo, Rafael - C.E.P.R. Discussion Papers - 2008

A large theoretical literature shows that competition reduces banks' franchise values and induces them to take more risk. Recent research contradicts this result: When banks charge lower rates, their borrowers have an incentive to choose safer investments, so they will in turn be safer. However,...

Persistent link: https://www.econbiz.de/10005124382

Capital Requirements, Market Power and Risk-Taking in Banking

Repullo, Rafael - C.E.P.R. Discussion Papers - 2003

This Paper presents a dynamic model of imperfect competition in banking where banks can invest in a prudent or a gambling asset. We show that if intermediation margins are small, the banks’ franchise values will be small, and in the absence of regulation only a gambling equilibrium will exist....

Persistent link: https://www.econbiz.de/10005067507

Too Many to Fail - An Analysis of Time Inconsistency in Bank Closure Policies

Acharya, Viral V; Yorulmazer, Tanju - C.E.P.R. Discussion Papers - 2004

This Paper shows that bank closure policies suffer from a ‘too-many-to-fail’ problem: when the number of bank failures is large, the regulator finds it ex-post optimal to bail out some or all failed banks, whereas when the number of bank failures is small, failed banks can be acquired by the...

Persistent link: https://www.econbiz.de/10005136753

Adverse selection in moral hazard situations

Jost, Peter-Juergen - University of Bonn, Germany - 1988

Persistent link: https://www.econbiz.de/10005028216

Signalling games and the role of precommitment

Jost, Peter-Juergen - University of Bonn, Germany - 1988

Persistent link: https://www.econbiz.de/10005028264

Risk, incentives and insurance: The case of disability

Peters, Wolfgang - University of Bonn, Germany - 1988

Persistent link: https://www.econbiz.de/10005028265

Using right incentives when cheating can be detected

Peters, Wolfgang - University of Bonn, Germany - 1991

Persistent link: https://www.econbiz.de/10005028346

Oekonomische Analyse der Berufsunfaehigkeitsrente: Risiko,Anreizstruktur und Versicherung

Peters, Wolfgang - University of Bonn, Germany - 1988

Persistent link: https://www.econbiz.de/10005032087

Public and Private Insurance with Costly Transactions

Bertola, Giuseppe; Koeniger, Winfried - C.E.P.R. Discussion Papers - 2010

We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show...

Persistent link: https://www.econbiz.de/10008682880