Showing 1 - 10 of 74
-free loans through third-party guarantees and relationship lending, but also through modifying loan terms, such as reducing loan … size. Guarantees are the relatively most important substitute, they reduce collateral requirements independently of …
Persistent link: https://www.econbiz.de/10009320789
This paper explores the introduction of collective risk-sharing elements in defined contri-bution pension contracts. We …
Persistent link: https://www.econbiz.de/10009371361
This paper surveys recent research on decentralization and natural disasters. The first part discusses results from theoretical models that have been used to study the issues that arise when natural disasters occur in a country with more than one level of government. The next section discusses...
Persistent link: https://www.econbiz.de/10010634082
of optimal risk-sharing in mortgage contracts. But since only a small literature has studied this question, more research …’s (1986a) model, using it to characterize optimal contracts in the absence of mortgage termination, and then exploring how …
Persistent link: https://www.econbiz.de/10010948814
This paper considers family formation and reciprocity-based cooperation in the form of sharing of earnings-risk. While risk sharing is one benefit to marriage it is also limited by divorce risk. With search in the marriage market there may be multiple equilibria diering not only in divorce rates...
Persistent link: https://www.econbiz.de/10005765793
return and income risks and also upon the actuarial fairness of annuity contracts. We focus on the case of Japan where aging …
Persistent link: https://www.econbiz.de/10005765958
of return and income risks and also upon the actuarial fairness of annuity contracts. …
Persistent link: https://www.econbiz.de/10005181541
Although an overwhelming proportion of all legal disputes end in settlement, the determinants of the timing of settlement remain empirically underexplored. We draw on a novel dataset on the duration of commercial disputes in Slovenia to study how the timing of settlement is shaped by the stages...
Persistent link: https://www.econbiz.de/10013315525
Dismissal disputes occur mostly in recessions and often lead to long and costly contract termination procedures. This paper investigates how dispute procedures may affect the job-matching process. First we present a simple accounting framework that corresponds with general dismissal legislation,...
Persistent link: https://www.econbiz.de/10013315541
Can raising awareness of racial bias subsequently reduce that bias? We address this question by exploiting the widespread media attention highlighting racial bias among professional basketball referees that occurred in May 2007 following the release of an academic study. Using new data, we...
Persistent link: https://www.econbiz.de/10013315627