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Optimal Preventive Bank Supervision: Combining Random Audits and Continuous Intervention
Belhaj, Mohamed; Klimenko, Nataliya - HAL - 2012
Early regulator interventions into problem banks is one of the key suggestions of Basel II. However, no guidance is given on their design. To fill this gap, we outline an incentive-based preventive supervision strategy that eliminates bad asset management in banks. Two supervision techniques are...
Persistent link: https://www.econbiz.de/10010933829
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Piecework versus merit pay: a Mean Fi eld Game approach to academic behavior
Besancenot, Damien; Courtault, Jean-Michel; Dika, Khaled El - HAL - 2011
This paper applies the Mean Fi eld Game approach pioneered by Lasry and Lions (2007) to the analysis of the researchers' academic productivity. It provides a theoretical motivation for the stability of the universaly observed Lotka's law. It shows that a remuneration scheme taking into account...
Persistent link: https://www.econbiz.de/10010929096
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IPPP - Risks and opportunities An economic perspective
Brux, Julie De; Marty, Frédéric - HAL - 2014
, related to alterations of the contractual incentive structure and judicial challenges. Based on economic theory, we stem some …
Persistent link: https://www.econbiz.de/10010930091
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Incentives from stock option grants: a behavioral approach
Bahaji, Hamza - HAL - 2011
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous … Expected Utility Theory (EUT) framework that options value to a risk-averse undiversified employee is strictly lower than the …
Persistent link: https://www.econbiz.de/10010538937
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EMPLOYEE STOCK OPTIONS INCENTIVE EFFECTS: A CPT-BASED MODEL
Bahaji, Hamza - HAL - 2011
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous … Expected Utility Theory (EUT) framework that options value to a risk-averse undiversified employee is strictly lower than the …
Persistent link: https://www.econbiz.de/10010538938
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Incentives from stock option grants: a behavioral approach
Bahaji, Hamza - HAL - 2011
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous … finding of standard models based on the Expected Utility Theory (EUT) framework that options value to a risk …
Persistent link: https://www.econbiz.de/10010539641
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EMPLOYEE STOCK OPTIONS INCENTIVE EFFECTS: A CPT-BASED MODEL
Bahaji, Hamza - HAL - 2011
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous … Expected Utility Theory (EUT) framework that options value to a risk-averse undiversified employee is strictly lower than the …
Persistent link: https://www.econbiz.de/10009295308
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The Economics of Recycling In France: Institutional Framework And Technological Adoption
Godard, Olivier; Defeuilley, Christophe - HAL - 1997
. Nevertheless, this optimal utilisation is lessened by weak or even negative incentives which may lead to a sub-optimal equilibrium …
Persistent link: https://www.econbiz.de/10009372638
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Self-selection and the Efficiency of Tournaments
Eriksson, Tor; Teyssier, Sabrina; Villeval, Marie Claire - HAL - 2009
The literature has shown that the overall efficiency of exogenously imposed tournaments is reduced by a high variance in performance. This paper reports results from an experiment analyzing whether allowing subjects to self-select into different payment schemes is reducing the variability of...
Persistent link: https://www.econbiz.de/10009401083
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Evidence on the Efficacy of School-Based Incentives for Healthy Living
Cuffe, Harold E.; Harbaugh, William T.; Lindo, Jason M.; … - HAL - 2011
We analyze the effects of a school-based incentive program on children's exercise habits. The program offers children an opportunity to win prizes if they walk or bike to school during prize periods. We use daily child-level data and individual fixed effects models to measure the impact of the...
Persistent link: https://www.econbiz.de/10009401099