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Getting people into work : what (if anything) can justify mandatory activation of welfare recipients?

Molander, Anders; Torsvik, Gaute - 2013

So-called activation policies aiming at bringing jobless people into work have been a central component of welfare reforms across OECD countries during the last decades. Such policies combine restrictive and enabling programs, but their characteristic feature is that also enabling programs are...

Persistent link: https://www.econbiz.de/10009764946

Venture cycles : theory and evidence

Gehrig, Thomas P.; Stenbacka, Rune - 2003

competing financiers undertake their screening decisions in an uncoordinated way, thereby highlighting the role of intertemporal … screening externalities induced by competition among venture capitalists as a structural source of instability. We show that … uncoordinated screening behavior of competing financiers is an independent source of fluctuations inducing venture investment cycles …

Persistent link: https://www.econbiz.de/10011506424

Sticks and carrots for the alleviation of long term poverty

Schroyen, Fred; Torsvik, Gaute - 2002

. We find that the argument for using work requirements as a screening device is both strengthened and weakened with long …

Persistent link: https://www.econbiz.de/10011409004

The complementary nature of trust and contract enforcement

Bartling, Björn; Fehr, Ernst; Huffman, David; Netzer, Nick - 2021

Under weak contract enforcement the trading parties' trust, defined as their belief in other's trustworthiness, appears important for realizing gains from trade. In contrast, under strong contract enforcement beliefs about other's trustworthiness appear less important, suggesting that trust and...

Persistent link: https://www.econbiz.de/10012415967

Mission drift in microcredit and microfinance institution incentives

Biancini, Sara; Ettinger, David; Venet, Baptiste - 2017 - This version: January 2017

We analyze the relationship between Microfinance Institutions (MFIs) and external donors, with the aim of contributing to the debate on "mission drift" in microfinance. We assume that both the donor and the MFI are pro-poor, possibly at different extents. Borrowers can be (very) poor or...

Persistent link: https://www.econbiz.de/10011602702

Screening through activation : differential effects of a youth activation programme

Hall, Caroline; Kotakorpi, Kaisa; Liljeberg, Linus; … - 2017

We study the dual role of active labour market policies: First, ALMP may perform a screening role by increasing job …

Persistent link: https://www.econbiz.de/10011597177

The causal effect of trust

Bartling, Björn; Fehr, Ernst; Huffman, David; Netzer, Nick - 2018

Trust affects almost all human relationships - in families, organizations, markets and politics. However, identifying the conditions under which trust, defined as people's beliefs in the trustworthiness of others, has a causal effect on the efficiency of human interactions has proven to be...

Persistent link: https://www.econbiz.de/10011927871

Selling dreams : endogenous optimism in lending markets

Bridet, Luc; Schwardmann, Peter - 2020

We propose a simple model of borrower optimism in competitive lending markets with asymmetric information. Borrowers in our model engage in self-deception to arrive at a belief that optimally trades off the anticipatory utility beneﬁts and material costs of optimism. Lenders' contract design...

Persistent link: https://www.econbiz.de/10012213062

The optimal duration of contracts

Poutvaara, Panu; Takalo, Tuomas; Wagener, Andreas - 2017

We study the optimal duration of contracts in a principal-agent framework with both moral hazard and adverse selection. Agents decide on a contract-specific and non-verifiable investment. Incentive compatibility requires that initial contracts, which serve to screen the ability of newly hired...

Persistent link: https://www.econbiz.de/10011780588

Screening green innovation through carbon pricing

Ahlvik, Lassi; Van den Bijgaart, I. M. - 2022

subsidize the socially most valuable green innovations. We find that carbon pricing works as an innovation screening device … perfect screening and generalize results to screening policies under alternative intellectual property regimes and …

Persistent link: https://www.econbiz.de/10013365365