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Precontractual Investigation and Sequential Screening
Terstiege, Stefan - Volkswirtschaftliche Fakultät, … - 2013
Should contract design induce an agent to conduct a precontractual investigation even though, in any case, the agent … will become fully informed after the signing of the contract? This paper shows that imperfect investigations might be …
Persistent link: https://www.econbiz.de/10010700800
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Credence Goods, Costly Diagnosis, and Subjective Evaluation
Bester, Helmut; Dahm, Matthias - Volkswirtschaftliche Fakultät, … - 2014
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
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Trafficking in drugs and economic theory
Pandey, S.S.D. - Volkswirtschaftliche Fakultät, … - 1991
The focus of this study is on black markets which provide an important segment of the parallel economy. These markets operate in disequilibrium,search and information costs become very important.Trafficking in drugs taken as case, to explore both theoretically and empirically. The problem,...
Persistent link: https://www.econbiz.de/10009422026
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Conditional Preference for Flexibility: Eliciting Beliefs from Behavior
Sadowski, Philipp - Volkswirtschaftliche Fakultät, … - 2008
Following Kreps (1979), we consider a decision maker with uncertain beliefs about her own future taste. This uncertainty leaves the decision maker with preference for flexibility: When choosing among menus containing alternatives for future choice, she weakly prefers larger menus. Existing...
Persistent link: https://www.econbiz.de/10005621236
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On the fundamentals of winning virtuous strategies creation toward leveraged buyout transactions implementation during private equity investment in conditions of resonant absorptio...
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014
leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption …
Persistent link: https://www.econbiz.de/10011156987
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On the fundamentals of winning virtuous strategies creation toward leveraged buyout transactions implementation during private equity investment in conditions of resonant absorptio...
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014
leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption … buyout transactions implementation during the private equity investment in the conditions of the resonant absorption of …
Persistent link: https://www.econbiz.de/10011107335
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On the fundamentals of winning virtuous strategies creation toward leveraged buyout transactions implementation during private equity investment in conditions of resonant absorptio...
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014
leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption … buyout transactions implementation during the private equity investment in the conditions of the resonant absorption of …
Persistent link: https://www.econbiz.de/10011111186
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Challenges to Solvency II Reform in Insurance Industry
Ramosaj, Berim - Volkswirtschaftliche Fakultät, … - 2010
Insurance Industry is going through a very important stage of its transformation - the transition from the classical system of management into a risk-based management. These changes were launched in Europe by international organizations which deal with the development of the necessary...
Persistent link: https://www.econbiz.de/10008728065
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Project valuation and investment decisions: CAPM versus arbitrage
Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2007
This paper shows that (i) project valuation via disequilibrium NPV+CAPM contradicts valuation via arbitrage pricing, (ii) standard CAPM-minded decision makers may fail to profit from arbitrage opportunities, (iii) standard CAPM-based valuation violates value additivity. As a consequence, the...
Persistent link: https://www.econbiz.de/10005260104
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Venture capital optimal investment portfolio strategies selection in diffusion - type financial systems in global capital markets with nonlinearities
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2013
The condensed research article presents some innovative research results on the venture capital optimal investment … corporation funded venture capital firm, investment bank funded venture capital firm, private equity funded venture capital firm …, state funded venture capital firm. We consider the complicated issues on the venture capital optimal investment portfolio …
Persistent link: https://www.econbiz.de/10011107583