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Project monitoring and banking competition under adverse selection
Kanniainen, Vesa; Stenbacka, Rune - 1998 - Revised version
We develop an analysis of ex ante monitoring of risky projects in banking. If protected from competition, banks are more concerned about not catching good risk projects when the perceived state of the economy improves, while they are more concerned about being induced to finance bad risk...
Persistent link: https://www.econbiz.de/10011417798
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Heterogeneity, demand for insurance and adverse selection
Spinnewijn, Johannes - 2012
Persistent link: https://www.econbiz.de/10009746110
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On a caratheodory-type selection theorem
Kim, Taesung; Prikry, Karel; Yannelis, Nicholas C. - 1985
Persistent link: https://www.econbiz.de/10003528287
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Optima and competitive equilibria with adverse selection and moral hazard
Prescott, Edward C.; Townsend, Robert M. - 1981
Persistent link: https://www.econbiz.de/10003528961
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Sequential versus static screening : an equivalence result
Krähmer, Daniel; Strausz, Roland - 2017
We show that every sequential screening model is equivalent to a standard text book static screening model. We use this result and apply well-established techniques from static screening to obtain solutions for classes of sequential screening models for which standard sequential screening...
Persistent link: https://www.econbiz.de/10011626592
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Dynamic screening
Lagziel, David; Lehrer, Ehud - 2021
Persistent link: https://www.econbiz.de/10014320919
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Dynamic screening with verifiable bankruptcy
Krähmer, Daniel; Strausz, Roland - 2022
We consider a dynamic screening model where the agent may go bankrupt due to, for example, cash constraints. We model bankruptcy as a verifiable event that occurs whenever the agent makes a per period loss. This leads to less stringent truth-telling constraints than those considered in the...
Persistent link: https://www.econbiz.de/10014476119
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An economic approach to Jewish law : the case of accident law
Rosenberg, Jacob; Weiss, Avi - 1996
Persistent link: https://www.econbiz.de/10000958030
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Growth and exit of West German firms : an empirical investigation on the impact of liability statutes
Harhoff, Dietmar; Stahl, Konrad; Woywode, Michael J. - 1995
details of liability regulation and taxation rules which German entrepreneurs face when choosing a particular legal form for … as forced liquidation. Firms under limited liability are characterized by higher growth and higher insolvency rates than … comparable firm under full liability. We also confirm the previously found negative relationship between employment growth and …
Persistent link: https://www.econbiz.de/10011622932