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Saving-investment correlations and government policy under credit constraints
Stefani, Maria Lucia - 1994
Persistent link: https://www.econbiz.de/10000881526
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Deterministic versus stochastic contracts in a dynamic principal-agent model
Mettral, Thomas - 2018
I show that deterministic dynamic contracts between a principal and an agent are always at least as profitable to the principal as stochastic ones, if the so-called first-order approach in dynamic mechanism design is satisfied. The principal commits, while the agent's type evolution follows a...
Persistent link: https://www.econbiz.de/10011901976
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Stochastic contracts and subjective evaluations
Lang, Matthias - 2022
Subjective evaluations are widely used, but call for different contracts from classical moral-hazard settings. Previous literature shows that contracts require payments to third parties. I show that the (implicit) assumption of deterministic contracts makes payments to third parties necessary....
Persistent link: https://www.econbiz.de/10014458796
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Medical insurance and free choice of physician shape patient overtreatment : a laboratory experiment
Huck, Steffen; Lünser, Gabriele; Spitzer, Florian; … - 2016 - October 2014 (revised June 2016)
the effects of medical insurance and competition in the guise of free choice of physician, including observability of … consult more often and physicians overtreat more often than in the baseline condition. Competition decreases overtreatment … compared to the baseline and patients therefore consult more often. When the two institutions are combined, competition is …
Persistent link: https://www.econbiz.de/10011490343
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Medical insurance and free choice of physician shape patient overtreatment : a laboratory experiment
Huck, Steffen; Lünser, Gabriele; Spitzer, Florian; … - 2014
stylized way, we study the effects of medical insurance and competition in the guise of free choice of physician. Medical … physicians overtreat more often than in the baseline condition. Competition decreases overtreatment compared to the baseline and … patients therefore consult more often. When the two institutions are combined, competition is found to partially offset the …
Persistent link: https://www.econbiz.de/10010413597
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Microfounded contest design
Kirkegaard, René - 2020
Persistent link: https://www.econbiz.de/10012172857
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Subjective evaluation versus public information
Bester, Helmut; Münster, Johannes - 2013
choice is more accurate than a noisy public performance measure. For some contingencies the optimal contract has to specify … the loss from termination is small. Under an optimal contract the agent's wage may depend only on the principal's report …
Persistent link: https://www.econbiz.de/10009752336
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Credence goods, costly diagnosis, and subjective evaluation
Bester, Helmut; Dahm, Matthias - 2014
We study contracting between a consumer and an expert. The expert can invest in diagnosis to obtain a noisy signal about whether a low-cost service is sufficient or whether a high-cost treatment is required to solve the consumerś problem. This involves moral hazard because diagnosis effort and...
Persistent link: https://www.econbiz.de/10010429934
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Misappropriation of R&D subsidies : estimating treatment effects with one-sided noncompliance
Boeing, Philipp; Peters, Bettina - 2021
Persistent link: https://www.econbiz.de/10012818352
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Mandated sick pay : coverage, utilization, and welfare effects
Maclean, Catherine; Pichler, Stefan; Ziebarth, Nicolas R. - 2021
This paper evaluates how sick pay mandates operate at the job level in the United States. Using the National Compensation Survey and difference-in-differences models, we estimate their impact on coverage rates, sick leave use, labor costs, and non-mandated fringe benefits. Sick pay mandates...
Persistent link: https://www.econbiz.de/10012671879