Showing 1 - 10 of 10
Energy efficiency improvements in low income housing are increasingly used as a policy instrument to alleviate poverty …
Persistent link: https://www.econbiz.de/10014469369
Energy efficiency improvements in low income housing are increasingly used as a policy instrument to alleviate poverty …
Persistent link: https://www.econbiz.de/10014446463
We consider a hierarchical organization with two fully rational agents. The goal of the organization is that of selecting the best alternative out of several available, and agents are heterogenous in the accuracy with which they screen the alternatives. We show that, if internal communications...
Persistent link: https://www.econbiz.de/10011343955
We take a dynamic perspective on insurance markets under adverseselection and study a generalized Rothschildand … dynamic contracts. An unconditional dynamiccontract has insurance companies offeringcontracts where the terms of the contract … on individualpast performance (like in car insurances). Weinvestigate whether allowing insurance companies to offer …
Persistent link: https://www.econbiz.de/10010324841
We take a dynamic perspective on insurance markets under adverseselection and study a generalized Rothschildand … dynamic contracts. An unconditional dynamiccontract has insurance companies offeringcontracts where the terms of the contract … on individualpast performance (like in car insurances). Weinvestigate whether allowing insurance companies to offer …
Persistent link: https://www.econbiz.de/10011318577
Persistent link: https://www.econbiz.de/10001624802
We offer a theory of how the combination of budget constraints and insurance drives up prices. A natural context for … our theory is the health care market, where drug prices can be very high. Our model predicts that monopoly prices for …
Persistent link: https://www.econbiz.de/10012416335
There is by now a large literature arguing that auctions with a variety of after-market interactions may not yield an efficient allocation of the objects for sale, especially when the bidders impose strong negative externalities upon each other. This paper argues that these inefficiencies can be...
Persistent link: https://www.econbiz.de/10010325827
There is by now a large literature arguing that auctions with a variety of after-market interactions may not yield an efficient allocation of the objects for sale, especially when the bidders impose strong negative externalities upon each other. This paper argues that these inefficiencies can be...
Persistent link: https://www.econbiz.de/10011379467
. Firms have different costs, and cost efficiency is private information at the auction stage and the market competition stage …
Persistent link: https://www.econbiz.de/10011350364