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Optimal concession of water services under common value.
Salanié, François; Bontems, Philippe; Aubert, Cécile - Université Paris-Dauphine
When an incumbent firm is in charge of a distribution network, it accumulates information on the state of the network. This `common value' information creates a winner's curse during auctions for renewing the concession. The municipality contracting out the provision of the service trades off...
Persistent link: https://www.econbiz.de/10008551706
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The role of psychological reactance and relationship proneness in the commitment decision: An application to a dental prevention program.
Prim-Allaz, Isabelle; Darpy, Denis - Université Paris-Dauphine
As commitment is at the core of relationship programs, the latter should share similarities with prevention programs … the practitioner are key determinants to commitment to a prevention protocol. In addition, psychological reactance and … relationship proneness are shown as antecedents of the commitment predictors. While reactant people may not commit to prevention …
Persistent link: https://www.econbiz.de/10008828430
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The signaling effect of tax policy.
Barigozzi, Francesca; Villeneuve, Bertrand - Université Paris-Dauphine - 2006
The paper focuses on the signaling value of a tax when agents are less informed than the government on the effect of their consumption. The policy making process is analyzed as a game in which the government wants to influence consumers' behaviors through tax policy, consumers being rational and...
Persistent link: https://www.econbiz.de/10008852130
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Do insurance defrauders want to be punished ?.
Alary, David; Besfamille, Martin - Université Paris-Dauphine
common sanction for this kind of fraud in the USA and in some European countries. …
Persistent link: https://www.econbiz.de/10009385953
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The sources of hospital cost variability.
Dormont, Brigitte; Milcent, Carine - Université Paris-Dauphine - 2004
Hospital heterogeneity is a major issue in defining a reimbursement system. If hospitals are heterogeneous, it is difficult to distinguish which part of the differences in costs is due to cost containment efforts and which part cannot be reduced, because it is due to other unobserved sources of...
Persistent link: https://www.econbiz.de/10008790061
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How to regulate heterogeneous hospitals ?.
Dormont, Brigitte; Milcent, Carine - Université Paris-Dauphine - 2005
In many areas of health care financing, there is controversy over the sources of cost variability and about the respective roles of inefficiency versus legitimate heterogeneity. This paper proposes a payment system that creates incentives to increase hospital efficiency when hospitals are...
Persistent link: https://www.econbiz.de/10008790076
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Optimal health insurance contract : can moral hazard increase indemnity ?.
Bien, Franck; Alary, David - Université Paris-Dauphine
In this note, we generalize the results obtained by Barday and Lesur (2005) by considering a bivariated non separable utility function. We characterize optimal health insurance contracts. Moreover, we show that under moral hazard a sufficiently high risk aversion implies that the optimal...
Persistent link: https://www.econbiz.de/10009145294
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Regulation of ''Guru'' Analysts' Conflicts of Interest.
Biard, Antoine - Université Paris-Dauphine
Conflicts of interest are the inherent price to pay to benefit from information synergies offered by multiple financial service providers. We focus on conflicts faced by a investment bank's "guru" sell-side analyst, which is torn between the pro-investor research department favoring fair...
Persistent link: https://www.econbiz.de/10008529667
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Gas Storage and Security of Supply in the Medium Run.
Chaton, Corinne; Creti, Anna; Villeneuve, Bertrand - Université Paris-Dauphine - 2009
This paper analyzes the role of private storage in a market for a commodity (e.g. natural gas) whose supply is subject to the threat of an irreversible disruption. We focus on the medium term in which seasonality of demand and exhaustibility can be neglected. We characterize the price and...
Persistent link: https://www.econbiz.de/10009366308
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Forward Hedging and Vertical Integration in Electricity Markets.
Chemla, Gilles; Porchet, Arnaud; Touzi, Nizar; Aïd, René - Université Paris-Dauphine
This paper analyzes the interactions between vertical integration and (wholesale) spot, forward and retail markets in risk management. We develop an equilibrium model that fits electricity markets well. We point out that vertical integration and forward hedging are two separate levers for demand...
Persistent link: https://www.econbiz.de/10009370236