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This classroom experiment introduces students to the notion of credit risk by allowing them to trade on comparable … return, how credit risk affects bond prices, as well as some general characteristics of the bond markets. …
Persistent link: https://www.econbiz.de/10005190253
regulation in an economy under credit risk and liquidity shock, separating informa-tion maximum likelihood estimation of the …
Persistent link: https://www.econbiz.de/10010907402
circumstances. The model, which measures additional bank capital required to compensate for fluctuating credit risk, is a novel …
Persistent link: https://www.econbiz.de/10010907446
through the comparison of simultaneous and sequential estimation, modeling tail credit risk using transition matrices …
Persistent link: https://www.econbiz.de/10010907447
consumer surplus through higher bids. In the experiment, bids increase and bidders? earnings decrease with more generous return …
Persistent link: https://www.econbiz.de/10011261886
experiment, a temptations-constrained version of deal-me-out emerges as the clear winner. …
Persistent link: https://www.econbiz.de/10011199691
their experiment is driven by guilt aversion. By modifying the procedures to include a double blind social distance protocol …
Persistent link: https://www.econbiz.de/10008914311
increases the overall level of cooperation in our double blind experiment. However, our results are due in part to the high …
Persistent link: https://www.econbiz.de/10009371391
members. We use a laboratory experiment to study the role of group identity, created by the use of symbols, in mitigating the …
Persistent link: https://www.econbiz.de/10009371392
In this study, we examine the effectiveness of the individual-punishment mechanism in larger groups, comparing groups of four to groups of 40 participants. We find that the individual punishment mechanism is remarkably robust when the MPCR is held constant despite the coordination problems...
Persistent link: https://www.econbiz.de/10009351412