Narrow search
Showing 1 - 10 of 227
Cover Image
Liability for Past Environmental Contamination and Privatization
Earnhart, Dietrich - C.E.P.R. Discussion Papers - 2000
Central and Eastern Europe. The theoretical section establishes a link between a risk-averse investor’s amount of information … faces less risk; therefore, the investor’s risk premium falls and the investor’s bid rises. This link generates four …
Persistent link: https://www.econbiz.de/10005504606
Cover Image
Gender Differences in Risk Aversion: Do Single-Sex Environments Affect their Development?
Booth, Alison; Sosa, Lina Cardona; Nolen, Patrick - Research School of Economics, College of Business and … - 2011
Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in …
Persistent link: https://www.econbiz.de/10009364748
Cover Image
Gender Differences in Risk Aversion: Do Single-Sex Environments Affect their Development?
Booth, Alison L; Cardona Sosa, Lina; Nolen, Patrick - C.E.P.R. Discussion Papers - 2011
Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in …
Persistent link: https://www.econbiz.de/10009365004
Cover Image
Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael; Schüwer, Ulrich - C.E.P.R. Discussion Papers - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009367427
Cover Image
Competitive Markets with Endogenous Health Risks
Bennardo, Alberto; Piccolo, Salvatore - C.E.P.R. Discussion Papers - 2005
We study a general equilibrium model where agents' preferences, productivity and labour endowments depend on their health status, and occupational choices affect individual health distributions. Efficiency typically requires agents of the same type to obtain different expected utilities if...
Persistent link: https://www.econbiz.de/10005662275
Cover Image
Collateral Vs. Project Screening: A Model Of Lazy Banks
Manove, Michael; Padilla, Atilano Jorge; Pagano, Marco - C.E.P.R. Discussion Papers - 2000
Many economists argue that the primary economic function of banks is to provide cheap credit, and to facilitate this function, they advocate the strict protection and enforcement of creditor rights. But banks can serve another important economic function: through project screening they can...
Persistent link: https://www.econbiz.de/10005662399
Cover Image
Prudence in Bargaining: The Effect of Uncertainty on Bargaining Outcomes
White, Lucy - C.E.P.R. Discussion Papers - 2006
We investigate the outcome of bargaining when a player’s pay-off from agreement is risky. We find that a risk …-averse player typically increases his equilibrium receipts when his pay-off is made risky. This is because the presence of risk …. We show that the effect of risk on receipts can be sufficiently strong that a decreasingly risk-averse player may be …
Persistent link: https://www.econbiz.de/10005666445
Cover Image
Are Risk Aversion and Impatience Related to Cognitive Ability?
Dohmen, Thomas J; Falk, Armin; Huffman, David; Sunde, Uwe - C.E.P.R. Discussion Papers - 2008
investigates whether there is a link between cognitive ability, risk aversion, and impatience, using a representative sample of the … population and incentive compatible measures. We conduct choice experiments measuring risk aversion, and impatience over an … conducted in subjects' own homes. We find that lower cognitive ability is associated with greater risk aversion, and more …
Persistent link: https://www.econbiz.de/10005666531
Cover Image
Uncertainty and Company Investment Dynamics: Empirical Evidence for UK Firms
Bloom, Nicholas; Bond, Stephen Roy; Van Reenen, John - C.E.P.R. Discussion Papers - 2003
This Paper investigates the empirical relationship between uncertainty and investment dynamics. This is motivated by the real options literature, which suggests a weaker response of investment to demand shocks at higher levels of uncertainty, as firms place a greater value on the option to wait....
Persistent link: https://www.econbiz.de/10005666662
Cover Image
Soft Budget Constraint Theories: From Centralization to the Market
Maskin, Eric; Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2001
This Paper surveys the theoretical literature on the effect of soft budget constraints (SBC) on economies in transition from centralization to capitalism; it also reviews our understanding of SBC in general. It focuses on the conception of the SBC syndrome as a commitment problem. We show that...
Persistent link: https://www.econbiz.de/10005667038