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Adverse Selection vs Discrimination Risk with Genetic Testing. An Experimental Approach
Bardey, David; Donder, Philippe De; Mantilla, Cesar - CESifo - 2014
a disease (a discrimination risk). Differently, Consent Law allows them to hide this detrimental information, creating … exogenous values of adverse selection under Consent Law, and the repeated interactions experiment devised has not resulted in …
Persistent link: https://www.econbiz.de/10011082825
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Self-Confidence and Strategic Behavior
Charness, Gary; Rustichini, Aldo; Ven, Jeroen van de - CESifo - 2013
We test experimentally an explanation of over and under confidence as motivated by (perhaps unconscious) strategic concerns, and find compelling evidence supporting this hypothesis in the behavior of participants who send and respond to others’ statements of confidence about how well they have...
Persistent link: https://www.econbiz.de/10010877986
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Government Outsourcing: Public Contracting with Private Monopoly
Auriol, Emmanuelle; Picard, Pierre M. - CESifo - 2006
The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation …. The government maximizes total surplus but incurs some cost of public funds. An alternative to regulation is proposed in …-post with the private firms. This ex-post contracting set-up allows more flexibility than traditional regulation where …
Persistent link: https://www.econbiz.de/10005765762
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An Externality-Robust Auction: Theory and Experimental Evidence
Bartling, Björn; Netzer, Nick - CESifo - 2014
An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders’ payoffs unaffected. The equilibrium and its outcome will then persist if certain types of externalities arise between bidders. One example are externalities due to spiteful preferences, which...
Persistent link: https://www.econbiz.de/10010877664
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When Ignorance is Bliss - Information Asymmetries Enhance Prosocial Behavior in Dictator Games
Winschel, Evguenia; Zahn, Philipp - CESifo - 2014
knowledge. To assess the effect of information asymmetries on prosocial behavior, we conduct a laboratory experiment with a … a consequence and the main finding of our experiment, uninformed dictators behave more prosocially than informed …
Persistent link: https://www.econbiz.de/10010877838
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Genetic Testing and Repulsion from Chance
Hoel, Michael; Iversen, Tor; Nilssen, Tore; Vislie, Jon - CESifo - 2004
A central theme in the international debate on genetic testing concerns the extent to which insurance companies should be allowed to use genetic information in their design of insurance contracts. We analyze this issue within a model with the following important feature: A person’s well-being...
Persistent link: https://www.econbiz.de/10005181393
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An Experimental Investigation of Risk Sharing and Adverse Selection
Tausch, Franziska; Potters, Jan; Riedl, Arno - CESifo - 2013
Does adverse selection hamper the effectiveness of voluntary risk sharing? How do differences in risk profiles affect adverse selection? We experimentally investigate individuals’ willingness to share risks with others. Across treatments we vary how risk profiles differ between individuals. We...
Persistent link: https://www.econbiz.de/10010639422
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Optimal Wage Redistribution in the Presence of Adverse Selection in the Labor Market
Bastani, Spencer; Blumkin, Tomer; Micheletto, Luca - CESifo - 2014
In this paper we allude to a novel role played by the non-linear income tax system in the presence of adverse selection in the labor market due to asymmetric information between workers and firms. We show that an appropriate choice of the tax schedule enables the government to affect the wage...
Persistent link: https://www.econbiz.de/10010888445
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Wage Dispersion and Labor Turnover with Adverse Selection
Carrillo-Tudela, Carlos; Kaas, Leo - CESifo - 2011
We consider a model of on-the-job search where firms offer long-term wage contracts to workers of different ability. Firms do not observe worker ability upon hiring but learn it gradually over time. With sufficiently strong information frictions, low-wage firms offer separating contracts and...
Persistent link: https://www.econbiz.de/10009293483
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Asset Auctions, Information, and Liquidity
Vives, Xavier - CESifo - 2010
A model is presented of a uniform price auction where bidders compete in demand schedules; the model allows for common and private values in the absence of exogenous noise. It is shown how private information yields more market power than the levels seen with full information. Results obtained...
Persistent link: https://www.econbiz.de/10008596578