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Dealers' insurance, market structure, and liquidity

Carapella, Francesca; Monnet, Cyril - 2018

We develop a parsimonious model to study the equilibrium structure of over-the-counter securities markets. We show that regulations aimed at reducing counterparty risk and improving liquidity can be ineffcient. Such regulations have a direct positive effect on entry in those markets, thus...

Persistent link: https://www.econbiz.de/10012112079

Consumption insurance among Blacks and Whites

Naguib, Costanza - 2022

We document relevant racial differences in the degree consumption insurance against shocks: Blacks appear to be less …

Persistent link: https://www.econbiz.de/10013461495

Impact of weather insurance on small scale farmers: A natural experiment

Dietrich, Stephan; Ibanez, Marcela - 2015

This paper explores the impacts of traditional agricultural insurance that offers protection against climatic shocks on … small-scale tobacco farmers in Colombia. We analyze the impacts of access to the insurance on household financial outcomes … natural experimental setup of the form in which the insurance was launched. We find that tobacco producers with access to the …

Persistent link: https://www.econbiz.de/10010481485

Incentive compatible reimbursement schemes for physicians

Emons, Winand - 2010

We consider physicians with fixed capacity levels. If a physician's capacity exceeds demand, she may have an incentive to overtreat, i.e., she may provide unnecessary treatments to use up idle capacity. By contrast, with excess demand she may undertreat, i.e., she may not provide necessary...

Persistent link: https://www.econbiz.de/10010316062