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Relational Contracts and Competitive Screening

Calzolari, Giacomo; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2009

We study the tension between competitive screening and contract enforcement where a principal trades repeatedly with … relational contracting. We simultaneously characterize optimal relational contracts and competitive screening policies which are … interdependent. When non-contractible dimensions are important, the principal optimally restricts competitive screening to a subset …

Persistent link: https://www.econbiz.de/10005082534

Screening with an Approximate Type Space

Madarász, Kristóf; Prat, Andrea - C.E.P.R. Discussion Papers - 2010

We re-visit the single-agent mechanism design problem with quasilinear preferences, but we assume that the principal knowingly operates on the basis of only an approximate type space rather than the (potentially complex) truth. We propose a two-step scheme, the profit-participation mechanism,...

Persistent link: https://www.econbiz.de/10008550321

Screening, Competition, and Job Design: Economic Origins of Good Jobs

Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2010

-sharing, screening opportunities, and competition are important driving forces behind these new forms of work organization. We document … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of …

Persistent link: https://www.econbiz.de/10008468606

Bank Competition and Enterprise restructuring in Transition Economies

Schnitzer, Monika - C.E.P.R. Discussion Papers - 1998

We investigate how bank competition affects the efficiency of credit allocation, using a model of spatial competition. Our analysis shows that bad loans are more likely the larger the number of banks competing for customers. We study further how many banks will be active if market entry is not...

Persistent link: https://www.econbiz.de/10005067568

Gender and Banking: Are Women Better Loan Officers?

Beck, Thorsten; Behr, Patrick; Güttler, Andre - C.E.P.R. Discussion Papers - 2009

We analyze gender differences associated with loan officer performance. Using a unique data set for a commercial bank in Albania over the period 1996 to 2006, we find that loans screened and monitored by female loan officers show statistically and economically significant lower default rates...

Persistent link: https://www.econbiz.de/10005048548

Cultural Inertia and Uniformity in Organizations

Carrillo, Juan D; Gromb, Denis - C.E.P.R. Discussion Papers - 2002

We analyse aspects of the structure of organizational culture. We show that old and culturally uniform organizations are prone to cultural inertia; that is they are reluctant to adopt a different culture in response to a change in the environment. Cultural uniformity can be beneficial because the...

Persistent link: https://www.econbiz.de/10005498015

International Migration, Imperfect Information, and Brain Drain

Dequiedt, Vianney; Zenou, Yves - C.E.P.R. Discussion Papers - 2011

We consider a model of international migration where skills of workers are imperfectly observed by firms in the host country and where information asymmetries are more severe for immigrants than for natives. There are two stages. In the first one, workers in the South decide whether to move and...

Persistent link: https://www.econbiz.de/10009144730

Conditional versus Contingent Fees

Emons, Winand - C.E.P.R. Discussion Papers - 2004

Under contingent fees the attorney gets a share of the judgement; under conditional fees the lawyer gets an upscale premium if the case is won which is, however, unrelated to the adjudicated amount. We compare conditional and contingent fees in a framework where lawyers are uninformed about the...

Persistent link: https://www.econbiz.de/10005114185

Facilitating Consumer Learning in Insurance Markets—What Are the Welfare Effects?

Lagerlöf, Johan N. M.; Schottmüller, Christoph - C.E.P.R. Discussion Papers - 2013

What are the welfare effects of a policy that facilitates for insurance customers to privately and covertly learn about their accident risks? We endogenize the information structure in Stiglitz's classic monopoly insurance model. We first show that his results are robust: For a small information...

Persistent link: https://www.econbiz.de/10011083449

Loan Sales and Screening Incentives

Bester, Helmut; Gehrig, Thomas; Stenbacka, Rune - C.E.P.R. Discussion Papers - 2012

We analyze the effect of loan sales on the intensity of costly screening. Loan sales strengthen screening incentives … when screening primarily improves the bank’s ability to identify profitable loans and when banks retain most of those … profitable loans. However, loan sales dampen screening incentives when the benefit of screening primarily helps to weed out …

Persistent link: https://www.econbiz.de/10011083726