Recent research in contract theory on the effects of behavioral biases implicitly assumes that they are stable, in the …

We develop an analysis of ex ante monitoring of risky projects in banking. If protected from competition, banks are … optimal ex ante monitoring of good risks, but is too conservative with regard to bad risks. Competition between banks is shown … Wettbewerb geschützt werden, dann legen sie unter guten wirtschaftlichen Bedingungen mehr Wert darauf sich keine Projekte mit …

We study spatially differentiated competition between charities by partnering with two foodbanks in two neighboring … spatially differentiated competition is characterized by sorting, crowding-in, and an absence of spillovers: Donors sort …