Similar Search Results

Risk selection in natural disaster insurance : the case of France

Jametti, Mario; von Ungern-Sternberg, Thomas - 2006

It is widely recognized that ?market failure? prevents efficient risk sharing in natural disaster insurance. As a consequence, many countries adopted institutional frameworks presenting public sector participation, often praised as public-private partnerships. We define risk selection as a...

Persistent link: https://www.econbiz.de/10010276887

Smoking habits : like father, like son, like mother, like daughter

Loureiro, Maria L.; Sanz-de-Galdeano, Anna; Vuri, Daniela - 2009

We use instrumental variable methods to investigate whether the impact of parental smoking habits on their children's smoking decisions is a causal one. We find evidence of same-sex role models in two-parent households: mothers play a crucial role in determining their daughters' smoking...

Persistent link: https://www.econbiz.de/10010275678

Disaster insurance or a disastrous insurance : natural disaster insurance in France

Jametti, Mario; von Ungern-Sternberg, Thomas - 2004

We model natural disaster insurance in France. We explicitly take into account the main institutional features of the system, such as the uniform premium rate in both high and low risk regions and the existence of a state reinsurance company. Our model indicates that the institutional set-up is...

Persistent link: https://www.econbiz.de/10010261060

From Intent to Inertia: Experimental Evidence from the Retail Electricity Market

Gravert, Christina - 2024

link their intentions with actual switching behaviors using nationwide smart meter data. My findings reveal a enormous gap … between switching intentions and actions. This gap is exacerbated by my experimental interventions which 1) provide … information about savings and switching costs and 2) decrease switching costs by offering free access to a switching service. A …

Persistent link: https://www.econbiz.de/10015047305

Strategic supply function competition with private information

Vives, Xavier - 2008

A Bayesian supply function equilibrium is characterized in a market where firms have private information about their uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition, competitiveness is affected by the parameters of the...

Persistent link: https://www.econbiz.de/10010264447

A large-market rational expectations equilibrium model

Vives, Xavier - 2011

This paper presents a market with asymmetric information where a privately revealing equilibrium obtains in a competitive framework and where incentives to acquire information are preserved. The equilibrium is efficient, and the paradoxes associated with fully revealing rational expectations...

Persistent link: https://www.econbiz.de/10010274759

Loans, insurance and failures in the credit market for students

Del Rey, Elena; Verheyden, Bertrand - 2011

In the education literature, it is generally acknowledged that both credit and insurance for students are rationed. In order to provide a rationale for these observations, we present a model with perfectly competitive banks and risk averse students who have private information on their ability...

Persistent link: https://www.econbiz.de/10010274775

Strategic supply function competition with private information

Vives, Xavier - 2009

A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function equilibrium is characterized; the equilibrium is privately...

Persistent link: https://www.econbiz.de/10010276986

Optimal income taxation with endogenous participation and search unemployment

Lehmann, Etienne; Parmentier, Alexis; van der Linden, Bruno - 2011

We characterize optimal redistributive taxation when individuals are heterogeneous in their skills and their values of non-market activities. Search-matching frictions on the labor markets create unemployment. Wages, labor demand and participation are endogenous. Average tax rates are increasing...

Persistent link: https://www.econbiz.de/10010277043

Wage dispersion and labor turnover with adverse selection

Carrillo-Tudela, Carlos; Kaas, Leo - 2011

We consider a model of on-the-job search where firms offer long-term wage contracts to workers of different ability. Firms do not observe worker ability upon hiring but learn it gradually over time. With sufficiently strong information frictions, low-wage firms offer separating contracts and...

Persistent link: https://www.econbiz.de/10010277406