Similar Search Results

Inverse adverse selection : the market for gems

Dari Mattiacci, Giuseppe; Onderstal, Sander; Parisi, … - 2010

, contractual, and legal solutions. Our results show that auctions (competition among many informed buyers) provide a solution to …

Persistent link: https://www.econbiz.de/10011382752

On existence of private unemployment insurance with advance information on future job losses

Denderski, Piotr; Stoltenberg, Christian - 2021

We study the existence of a profitable unemployment insurance market in a dynamic economy with adverse selection rooting in information on future job losses. The new feature of the model is that the insurer and workers interact repeatedly. Repeated interactions make it possible to threaten...

Persistent link: https://www.econbiz.de/10012545133

Power and the privilege of clarity : an analysis of bargaining power and information transmission

Groot Ruiz, Adrian de; Offerman, Theo; Onderstal, Sander - 2012

We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information transmission in a cheap talk bargaining game between an informed Sender and an uninformed Receiver. Theoretically, we find that the maximum amount of information that can be transmitted...

Persistent link: https://www.econbiz.de/10011386160

Why are open ascending auctions popular? : the role of information aggregation and behavioral biases

Offerman, Theo; Romagnoli, Giorgia; Ziegler, Andreas - 2020

The popularity of open ascending auctions is often attributed to the fact that openly observable bidding allows to aggregate dispersed information. Another reason behind the frequent utilization of open auction formats may be that they activate revenue enhancing biases. In an experiment, we...

Persistent link: https://www.econbiz.de/10012427695

Competition for a prize

Noll, Rob van der - 2006

I present a model in which individuals compete for a prize by choosing to apply or not. Abilities are private information and in attempt to select the best candidate, the committee compares applicants with an imperfect technology. The choice of application cost, size of the prize and use of...

Persistent link: https://www.econbiz.de/10011348717

Competitive bidding in auctions with private and common values

Goeree, Jacob K.; Offerman, Theo - 2000

The objects for sale in most auctions possess both private and common value elements. This salient feature has not yet been incorporated into a strategic analysis of equilibrium bidding behaviour. This paper reports such an analysis for a stylised model in which bidders receive a private value...

Persistent link: https://www.econbiz.de/10011303293

Efficiency in auctions with private and common values : an experimental study

Goeree, Jacob K.; Offerman, Theo - 2000

roughly the same manner as rational bidders, with observed efficiencies close to predicted levels. Increased competition and …

Persistent link: https://www.econbiz.de/10011303292

Banking competition and soft budget constraints : how market power can threaten discipline in lending

Arping, Stefan - 2012

Persistent link: https://www.econbiz.de/10010190982

Does competition make banks more riskseeking?

Arping, Stefan - 2014

take excessive risks: As competition intensifies and margins decline, banks face more-binding threats of failure, to which …, destabilizing effect of lower margins outweighs the disciplining effect of competition; moreover, a substantial rise in competition … reduces banks’ incentive to build precautionary capital buffers. A key implication is that the effects of competition on risk …

Persistent link: https://www.econbiz.de/10010350799

Gift-exchange, incentives, and heterogeneous workers

Non, Jan Adrianus - 2011

Using a formal principal-agent model, I investigate the relation between monetary gift-exchange and incentive pay, while allowing for worker heterogeneity. I assume that some agents care more for their principal when they are convinced that the principal cares for them. Principals can signal...

Persistent link: https://www.econbiz.de/10011379625