Showing 1 - 10 of 133
that an increase in ambiguity reduces the perceived coordination of players in rolling over their loans. This contibutes to …
Persistent link: https://www.econbiz.de/10010739015
on the relative impact of increasing returns and the degree of adopters heterogeneity. Second, the unlikely empirical …
Persistent link: https://www.econbiz.de/10008794305
That paper formalizes the idea that when the magnitude of the moral hazard phenomenon is not important, the distortions like equilibria multiplicity or equilibrium discontinuity relative to the economic fundamentals disappear. We study a two state of nature insurance model, with a risk neutral...
Persistent link: https://www.econbiz.de/10010738744
mitigating coordination problems among investors. If investors observe a biased signal about the true implementation cost of real …
Persistent link: https://www.econbiz.de/10010747961
This paper aims at establishing a relationship between disparity of information and the probability of speculative … asymmetric information indicators. The Maximum Likelihood estimators results (MLE) are twofold: (1) an increase of information … information disparity as measured by difference between fund price and Net Asset Value (NAV) on the transition probability in the …
Persistent link: https://www.econbiz.de/10008794259
In the model, a group of investors are invited to participate to a high-yield collective project. The project succeeds only if a minimum participation rate is reached. Before taking their decision, investors receive a vague statement about the outcome of a past investment decision. If investors...
Persistent link: https://www.econbiz.de/10010898452
different factors of heterogeneity between PSFs, there is still a lack of an integrated and actionable framework which would … help analyzing PSFs changes, heterogeneity and distinctiveness over services, time and space. We propose a foundation … ") and " operations " (composed of " resources " and " coordination "). This framework provides with dimensions to analyze …
Persistent link: https://www.econbiz.de/10010553009
This article addresses the important issue of anchoring in contingent valuation surveys that use the double-bounded elicitation format. Anchoring occurs when responses to the follow-up dichotomous choice valuation question are influenced by the bid presented in the initial dichotomous choice...
Persistent link: https://www.econbiz.de/10010750356
Using a two-stage Game of Chicken, Cabon-Dhersin and Ramani (2007) examine the impact of population heterogeneity on …
Persistent link: https://www.econbiz.de/10010751040
This paper studies the design of the optimal non linear taxation in an economy where longevity varies across agents, and depends on three factors: longevity genes, health investment and farsightedness. Provided earnings, farsightedness and genes are correlated, governmental intervention can be...
Persistent link: https://www.econbiz.de/10010738996