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Macroinsurance for Microenterprises: A Randomized Experiment in Post-Revolution Egypt
McKenzie, David - C.E.P.R. Discussion Papers - 2014
macroeconomic and political uncertainty. Demand for macroeconomic shock insurance was high; 36.7 percent of microentrepreneurs in … the treatment group purchased insurance. However, purchasing insurance does not change the likelihood that a business … microenterprises. However, insurance may still be of value to them to help cope with shocks when they do occur, but we are unable to …
Persistent link: https://www.econbiz.de/10011084029
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Genetic Tests and Intertemporal Screening in Competitive Insurance Markets
Emons, Winand - C.E.P.R. Discussion Papers - 2007
We consider successive generations of non-altruistic individuals carrying a good or bad gene. Daughters are more likely to carry their mother's gene than the opposite one. Competitive insurers can perform a genetic test revealing an agent's gene. They may condition their quotes on the agent's or...
Persistent link: https://www.econbiz.de/10005661858
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Competing with Menus of Tariff Options
Miravete, Eugenio J - C.E.P.R. Discussion Papers - 2007
I study how firms actually compete in nonlinear tariffs by analyzing whether the incumbent and entrant's decisions to offer a given number of tariff options are interrelated. The goal is to shed some light on those dynamic and strategic aspects of tariff menus that are currently ignored by...
Persistent link: https://www.econbiz.de/10005123929
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Firm Default and Aggregate Fluctuations
Jacobson, Tor; Kindell, Rikard; Lindé, Jesper; … - C.E.P.R. Discussion Papers - 2008
This paper studies the relation between macroeconomic fluctuations and corporate defaults while conditioning on industry affiliation and an extensive set of firm-specific factors. Using a multiperiod logit approach on a panel data set for all incorporated Swedish businesses over 1990-2002, we...
Persistent link: https://www.econbiz.de/10005504257
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A Model of Credit Risk, Optimal Policies and Asset Prices
Basak, Suleyman; Shapiro, Alex - C.E.P.R. Discussion Papers - 2002
This Paper studies the optimal policies of borrowers (firms or individuals) who may default subject to default costs, and analyses the asset pricing implications. Borrowers defaulting under adverse economic conditions may, despite incurring default costs, emerge as wealthier than non-borrowers...
Persistent link: https://www.econbiz.de/10005788927
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The Russian-Ukrainian Political Divide
Constant, Amelie; Kahanec, Martin; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2007
Ukraine. Whether this divide was caused by purely ethnic differences or by ethnically segregated reform preferences is unknown …
Persistent link: https://www.econbiz.de/10005662374
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Public Sector Pay and Corruption: Measuring Bribery from Micro Data
Gorodnichenko, Yuriy; Sabirianova Peter, Klara - C.E.P.R. Discussion Papers - 2006
employees. In the case of Ukraine, we find that public sector employees receive 24-32% less wages than their private sector … and find that the lower bound estimate of the extent of bribery in Ukraine is between 460m and 580m U.S. dollars (0 ….9-1.2% of Ukraine’s GDP in 2003). …
Persistent link: https://www.econbiz.de/10005791634
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Job Reallocation and Productivity Growth Under Alternative Economic Systems and Policies: Evidence from the Soviet Transition
Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2003
Soviet Republics of Russia and Ukraine. Exploiting annual manufacturing census data from 1985 to 2000, we find that Soviet … reforming Russia than in ‘gradualist’ Ukraine, as did the estimated effects of privatization and competitive pressures from …
Persistent link: https://www.econbiz.de/10005123720
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Regional Unemployment and Human Capital in Transition Economies
Jurajda, Stepan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2007
Differences in regional unemployment in post-communist economies are large and persistent. We show that inherited variation in human-capital endowment across the regions of four such economies explains the bulk of regional unemployment variation there and we explore potential explanations for...
Persistent link: https://www.econbiz.de/10005136518
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Gross Job Flows in Ukraine: Size, Ownership and Trade Effects
Konings, Jozef; Kupets, Olga; Lehmann, Hartmut - C.E.P.R. Discussion Papers - 2003
This Paper documents and analyses gross job flows and their determinants in Ukraine using a unique dataset of more than … connection with other evidence we infer from this that Ukraine is only at the beginning of the restructuring process. The most …
Persistent link: https://www.econbiz.de/10005136570