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Regulation and internet access in Germany

Reutter, Michael - 2001

We explain the recent events in the German market for online access using a model of a regulated monopoly renting phone lines to retailers. Retailers offer either a linear or a flat tariff to consumers. Consumer heterogeneity leads to adverse selectiion. We show why market entry for flatrate...

Persistent link: https://www.econbiz.de/10011398800

Delegation of regulation

Kundu, Tapas; Nilssen, Tore - 2017

We develop a model to discuss a government's incentives to delegate to bureaucrats the regulation of an industry. The …-based regulation policy requires the government to make use of a bureaucracy; this has a bureaucratic cost, as the bureaucracy diverts … implications for when and how a government should delegate its regulation of industry. We find that bureaucratic discretion reduces …

Persistent link: https://www.econbiz.de/10011700470

Risk selection in natural disaster insurance : the case of France

Jametti, Mario (contributor); … - 2006

It is widely recognized that market failureʺ 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/10003301201

How is the trade-off between adverse selection and discrimination risk affected by genetic testing? : theory and experiment

Bardey, David; De Donder, Philippe; Mantilla, César - 2017 - This version: April 2017

We compare two genetic testing regulations, Disclosure Duty (DD) and Consent Law (CL), in an environment where individuals choose to take a genetic test or not. DD forces agents to reveal the test results to their insurers, resulting in a discrimination risk. CL allows agents to withhold that...

Persistent link: https://www.econbiz.de/10011624208

A look upstream : electricity market restructuring, risk, procurement contracts and efficiency

Di Maria, Corrado; Lange, Ian; Lazarova, Emiliya A. - 2014 - This version: November 25, 2014

investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling …

Persistent link: https://www.econbiz.de/10010464693

Market transparency, adverse selection, and moral hazard

Klein, Tobias J.; Lambertz, Christian; Stahl, Konrad - 2013

We study the effects of improvements in market transparency on eBay on seller exit and continuing sellers' behavior. An improvement in market transparency by reducing strategic bias in buyer ratings led to a significant increase in buyer valuation especially of sellers rated poorly prior to the...

Persistent link: https://www.econbiz.de/10010227243

Team production in competitive labor markets with adverse selection

Siemens, Ferdinand von; Kosfeld, Michael - 2014

Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team's performance and therefore on their colleagues' productivity. We study the...

Persistent link: https://www.econbiz.de/10010245995

Optimal wage redistribution in the presence of adverse selection in the labor market

Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2014

In this paper we allude to a novel role played by the non-linear income tax system in the presence of adverse selection in the labor market due to asymmetric information between workers and firms. We show that an appropriate choice of the tax schedule enables the government to affect the wage...

Persistent link: https://www.econbiz.de/10010391779

How to share it out : the value of information in teams

Gershkov, Alex; Li, Jianpei; Schweinzer, Paul - 2014

We study the role of information exchange, leadership and coordination in team or partnership structures. For this purpose, we view individuals jointly engaging in productive processes-a "team"-as endowed with individual and privately held information on the joint production process. Once...

Persistent link: https://www.econbiz.de/10010405163

Adverse selection in the annuity market with sequential and simultaneous insurance demand

Brunner, Johann K.; Pech, Susanne - 2002

This paper investigates the effect of adverse selection on the private annuity market in a model with two periods of retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement separate contracts can be purchased. Demand for the...

Persistent link: https://www.econbiz.de/10011541030