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Moral Hazard and Marshallian Inefficiency: Evidence from Tunisia.
Al, C.; Arcand, J.L.; Ethier, F. - Centre Interuniversitaire de Recherche en Économie … - 1996
In the presence of moral hazard, received agency theory predicts the "Marshallian inefficiency" of agricultural tenancy contracts, meaning that inputs per hectare on sharecropped land will differ from that on owned land. In this paper, we test for the presence of Marshallian inefficiency using a...
Persistent link: https://www.econbiz.de/10005729544
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What is Ambiguity?
AMARANTE, Massimiliano - Centre Interuniversitaire de Recherche en Économie … - 2014
The concept of Ambiguity designates those situations where the information available to the decision maker is …? The present paper fi…lls these gaps. Speci…fically, it identifi…es those information structures that are incompatible with … information. These are used to give a formal de…finition of Ambiguity and, consequently, to distinguish between ambiguous and …
Persistent link: https://www.econbiz.de/10010927917
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Non-Convexities and Efficiency of Equilibria in Insurance Markets with Asymmetric Information.
Dionne, G.; Fombaron, N. - Centre Interuniversitaire de Recherche en Économie … - 1995
Persistent link: https://www.econbiz.de/10005345982
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Disclosure of Information in regulatory Proceedings.
Lewis, T.; Poitevin, M. - Centre Interuniversitaire de Recherche en Économie … - 1994
Persistent link: https://www.econbiz.de/10005346016
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Sequential Location Equilibria Under Incomplete Information.
Boyer, M.; Laffont, J.J.; Mahenc, P.; Moreau, M. - Centre Interuniversitaire de Recherche en Économie … - 1994
Persistent link: https://www.econbiz.de/10005353025
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COMPETITIVE SCREENING IN FINANCIAL MARKET WHEN BORROWERS CAN RECONTRACT.
BEAUDRY, P.; POITEVIN, M. - Centre Interuniversitaire de Recherche en Économie … - 1990
Persistent link: https://www.econbiz.de/10005353037
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Information Sharing and the Stability of Cooperation in Research Joint Ventures.
Atallah, G. - Centre Interuniversitaire de Recherche en Économie … - 2000
The Model studies information sharing and the stability of cooperation in cost Research Joint Ventures (RJVs). …
Persistent link: https://www.econbiz.de/10005353055
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On the Political Economy of Sequential Reforms.
Castro, R.; Coen-Pirani, D. - Centre Interuniversitaire de Recherche en Économie … - 2001
This paper proposes an explanation of why efficient reforms are not carried out when losers have the power to plock their implementation.
Persistent link: https://www.econbiz.de/10005353057
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ENTRY WAGES SIGNALING FUTURE WAGES: THEORY AND EVIDENCE ON THE RELATIONSHIP BETWEEN FIRM-SPECIFIC CAPITAL, WAGE PROFILES AND JOB RATIONING
BEAUDRY, P. - Centre Interuniversitaire de Recherche en Économie … - 1989
Persistent link: https://www.econbiz.de/10005353058
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PUNISHMENT, REWARD AND THE FORTUNES OF STATES
DUDLEY, L. - Centre Interuniversitaire de Recherche en Économie … - 1989
Persistent link: https://www.econbiz.de/10005353067