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Liquidity runs
Matta, Rafael; Perotti, Enrico C. - 2016 - This Draft: October 18, 2016
Can the risk of losses upon premature liquidation produce bank runs? We show how a unique run equilibrium driven by asset liquidity risk arises even under minimal fundamental risk. To study the role of illiquidity we introduce realistic norms on bank default, such that mandatory stay is...
Persistent link: https://www.econbiz.de/10011556199
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Delegation or voting
Swank, Otto H.; Visser, Bauke - 2001
Collective decision procedures should balance the incentives they provide toacquire information and their capacity to … aggregate private information. In a decisionproblem in which a project can be accepted or rejected once information about its … the other agent's vote.This in turn determines the decision to acquire information. In the debate about a rationalchoice …
Persistent link: https://www.econbiz.de/10011325973
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Campaign contributions and the desirability of full disclosure laws
Sloof, Randolph - 1997
Persistent link: https://www.econbiz.de/10000964993
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A non-cooperative theory of network formation
Bala, Venkatesh; Goyal, Sanjeev - 1999
Persistent link: https://www.econbiz.de/10001371215
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Reputation shocks and strategic responses in electoral campaigns
Poblete Cazenave, Rubén - 2021
Information affecting a candidate's reputation might have significant electoral consequences. Do candidates respond to … the release of information? Using Brazilian elections and audits as an exogenous source of information, I show that both … incumbent and challenger increase their campaign spending when detrimental information affects the incumbent's reputation …
Persistent link: https://www.econbiz.de/10012545128
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Reputation and discretion in financial contracting
Boot, Arnoud W.; Greenbaum, Stuart I.; Thakor, Anjan V. - 1993 - Rev
Persistent link: https://www.econbiz.de/10000122444
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Optimal incentive contracts when workers envy their boss
Dur, Robert A. J.; Glazer, Amihai - 2006
article uses a principal-agent model to study profit-maximizing contracts when a worker envies his employer. Envy tightens the …
Persistent link: https://www.econbiz.de/10011335185
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The desire for impact
Dur, Robert A. J.; Glazer, Amihai - 2006
This paper explores the meaning and implications of the desire by workers for impact. We find that this impact motive can make a firm in a competitive labor market face an upward-sloping supply curve of labor, lead workers with the same characteristics but at different firms to earn different...
Persistent link: https://www.econbiz.de/10011337969
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The demand for programmable payments
Kahn, Charles M.; Oordt, Maarten R. C. van - 2022
This paper studies the desirability of programmable payments where transfers are automatically executed conditional upon preset objective criteria. We do so by studying optimal payment arrangements in a framework that captures a wide range of economic relationships between two parties. Our...
Persistent link: https://www.econbiz.de/10013413524
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Optimal incentives without expected utility
Gonzalez Jimenez, Victor H. - 2022
contracts that are typically observed in practice such as salaries, lump-sum bonuses, and high-performance commissions. …
Persistent link: https://www.econbiz.de/10013460007