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The primary aim of this paper to evaluate the cost of deposit insurance premium and assess moral hazard effect in the … technical inefficiency. The findings of the research indicate there is a positive association between insurance coverage premium … insurance premium to risk based insurance premium policy. …
Persistent link: https://www.econbiz.de/10011110389
This paper considers and assesses various explanations attributed as principal factors of the recent Financial Crisis. In particular, it focuses on two principal regulatory tools which constitute the basis of the framework promulgated by recent Basel Committee's initiatives, that is, Basel III....
Persistent link: https://www.econbiz.de/10008777385
In a recent research paper, health economists David Cutler and Adriana Lleras-Muney analyze data primarily from the National Health Interview Survey (NHIS), an annual cross-sectional household survey administered by the National Center for Health Statistics (NCHS) at the Centers for Disease...
Persistent link: https://www.econbiz.de/10008833273
We study contracting between a consumer and an expert. The expert can invest in diagnosis to obtain a noisy signal about whether a low–cost service is sufficient or whether a high–cost treatment is required to solve the consumer’s problem. This involves moral hazard because...
Persistent link: https://www.econbiz.de/10011140964
We study the effects of improvements in market transparency on eBay on seller exit and continuing sellers’ behavior. An improvement in market transparency by reducing strategic bias in buyer ratings led to a significant increase in buyer valuation especially of sellers rated poorly prior...
Persistent link: https://www.econbiz.de/10011140972
A standard tournament contract specifies only tournament prizes. If agents’ performance is measured on a cardinal scale, the principal can complement the tournament contract by a gap which defines the minimum distance by which the best performing agent must beat the second best to receive...
Persistent link: https://www.econbiz.de/10011140989
We analyze a situation where an antitrust authority delegates to an audit inspector the mission of gathering the sufficient information to condemn a cartel. The authority has two instruments at her disposal: rewarding the inspector with a proportion of the collected fine or providing him with...
Persistent link: https://www.econbiz.de/10011107712
As well as consolidating on the existing literature on fair value accounting, by way of reference to jurisdictional analyses which include a focus on China, Japan, Brazil, and South Africa, this paper not only highlights why there is need for a re-think of the use of fair values as the primary...
Persistent link: https://www.econbiz.de/10011107937
The government wants two tasks to be performed. In each task, unobservable effort can be exerted by a wealth-constrained private contractor. If the government faces no binding budget constraints, it is optimal to bundle the tasks. The contractor in charge of both tasks then gets a bonus payment...
Persistent link: https://www.econbiz.de/10011107973
"competitive" health insurance markets. I use the insurance choices of senior citizens in the U.S. as an example. I then consider … the issue of whether consumers benefit when we create more choice by letting private firms offer health insurance in … (ii) empirical results show that consumers are very confused about their health insurance options. Thus, I argue …
Persistent link: https://www.econbiz.de/10011108799