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When Pro-Poor Microcredit Institutions Favor Richer Borrowers - A Moral Hazard Story
Biancini, Sara; Venet, Baptiste; Ettinger, David - 2021
We suggest an explanation for the existence of “mission drift”, the tendency for Microfinance Institutions (MFIs) to …
Persistent link: https://www.econbiz.de/10013245624
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A model of income insurance and social norms
Lindbeck, Assar; Persson, Mats - 2006
hazard ex post mainly analyzes how a ?moral hazard constraint? can make the individual abstain from fraud (?mimicking?). The …
Persistent link: https://www.econbiz.de/10010261422
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Advantageous Selection Without Moral Hazard (with an Application to Life Care Annuities)
De Donder, Philippe; Leroux, M.‐L; Salanié, François - 2022
Advantageous (or propitious) selection occurs when an increase in the premium of an insurance contract induces high-cost agents to quit, thereby reducing the average cost among remaining buyers. Hemenway (1990) and many subsequent contributions motivate its advent by differences in risk-aversion...
Persistent link: https://www.econbiz.de/10014083046
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Flexible Microcredit : Effects on Loan Repayment and Social Pressure
Czura, Kristina - 2020
Flexible repayment schedules allow borrowers to invest in profitable yet risky projects, but practitioners fear they erode repayment morale. We study repayment choices in rigid and flexible loan contracts that allow discretion in repayment timing. To separate strategic repayment choices from...
Persistent link: https://www.econbiz.de/10012832188
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What drives taxi drivers? A field experiment on fraud in a market for credence goods
Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - 2011
measure different types of fraud and to examine the influence of passengers' presumed information and income on the extent of … fraud. Results reveal that taxi drivers cheat passengers in systematic ways: Passengers with inferior information about …. Higher income seems to lead to more fraud. …
Persistent link: https://www.econbiz.de/10010274989
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A continuous theory of income insurance
Lindbeck, Assar; Persson, Mats - 2010
is not regarded as outright fraud, but as a gradual adjustment of the willingness to go to work when income insurance is …
Persistent link: https://www.econbiz.de/10010270506
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Incentive contracts and efficient unemployment benefits
Demougin, Dominique M.; Helm, Carsten - 2009
Several European countries have reformed their labor market institutions. Incentive effects of unemployment benefits have been an important aspect of these reforms. We analyze this issue in a principal-agent model, focusing on unemployment levels and labor productivity. In our model, a higher...
Persistent link: https://www.econbiz.de/10010273802
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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
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When Pro-Poor Microcredit Institutions Favor Richer Borrowers - A Moral Hazard Story
Biancini, Sara; Ettinger, David; Venet, Baptiste - 2021
We suggest an explanation for the existence of “mission drift”, the tendency for Microfinance Institutions (MFIs) to …
Persistent link: https://www.econbiz.de/10012493039
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Umbrella branding and the provision of quality
Hakenes, Hendrik; Peitz, Martin - 2004
Consider a two-product firm that decides on the quality of each product. Product quality is unknown to consumers. If the firm sells both products under the same brand name, consumers adjust their beliefs about quality subject to the performance of both products. We show that if the probability...
Persistent link: https://www.econbiz.de/10010261118