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Entrepreneurial moral hazard in income insurance
Ejrnæs, Mette; Hochgürtel, Stefan - 2011
We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....
Persistent link: https://www.econbiz.de/10011376618
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Better safe than sorry? : ex ante and ex post moral hazard in dynamic insurance data
Abbring, Jaap H.; Chiappori, Pierre-André; Zavadil, Tibor - 2008
This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex ante moral hazard) and claim (ex post moral hazard) choices and Dutch longitudinal micro data. We use the theory to characterize the heterogeneous dynamic changes in incentives...
Persistent link: https://www.econbiz.de/10011376656
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A dynamic analysis of the demand for health insurance and health care
Bolhaar, Jonneke; Lindeboom, Maarten; Klaauw, Bas van der - 2008
We investigate the presence of moral hazard and advantageous or adverse selection in a market for supplementary health insurance. For this we specify and estimate dynamic models for health insurance decisions and health care utilization. Estimates of the health care utilization models indicate...
Persistent link: https://www.econbiz.de/10011377059
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Insurance and information : firms as a commitment device
Bovenberg, Ary Lans; Teulings, Coen N. - 2001
We explore the role of firms in insuring non-verifiable output. As a device that allows workers to commit to thedelivery of their output, the firm arises endogenously as an alternative to the market if workers are sufficiently riskaverse and the firm can base its incentive payments on good...
Persistent link: https://www.econbiz.de/10011316894
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Support for small businesses amid COVID-19
Goodhart, Charles A. E.; Tsomocos, Dimitrios P.; Wang, Xuan - 2021 - Revision: January 13, 2021
A sizeable proportion of enterprises, especially SMEs, in receipt of financial assistance from the government, will fail to repay. In this paper we asked whether, and to what extent, it may be beneficial to apply a screening mechanism to deter those mostly likely to fail to repay from seeking...
Persistent link: https://www.econbiz.de/10012251378
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Social (in)stability, distributive conflicts, and investment in poor and rich economies
Riedl, Arno - 1999 - This version: September, 1999
A recently much debated issue is why observed investment and growth rates inpoor countries are lower than traditional … investment rates is notmonotonic but follows a hump-shaped pattern. The empirical evidence shows thatalthough very poor economies … have very low investment rates there are'intermediately' developed economies that exhibit extremely high investmentrates …
Persistent link: https://www.econbiz.de/10011302623
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Social (in)stability, distributive conflicts, and investment in poor and rich countries
Riedl, Arno - 1999
Persistent link: https://www.econbiz.de/10001431968
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An analysis of the effects of the severance payment reform on credit to Italian SMEs
Calcagno, Riccardo; Kräussl, Roman; Monticone, Chiara - 2008
reduce the aggregate investment by SMEs in a more than proportional way, since it will restrict the access to credit for some … intermediated finance, coeteris paribus. In order to assess the effects of the reform on the investment of SMEs and on the cost of …
Persistent link: https://www.econbiz.de/10011377271
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Disciplining and screening top executives
Dominguez-Martinez, Silvia; Swank, Otto H.; Visser, Bauke - 2006
Boards of directors face the twin task of disciplining and screening executives. To perform these tasks directors do not have detailed information about executives' behaviour, and only infrequently have information about the success or failure of initiated strategies, reorganizations, mergers...
Persistent link: https://www.econbiz.de/10011349199
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Health effects of containing moral hazard : evidence from disability insurance reform
Garcia-Gomez, Pilar; Gielen, Anne C. - 2014
We exploit an age discontinuity in a Dutch disability insurance (DI) reform to identify the health impact of stricter eligibility criteria and reduced generosity. Women subject to the more stringent rule experience greater rates of hospitalization and mortality. A €1,000 reduction in annual...
Persistent link: https://www.econbiz.de/10010390077