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

Arping, Stefan - 2012

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

Pivotal suppliers and market power in experimental supply function competition

Brandts, Jordi; Reynolds, Stanley S.; Schram, Arthur - 2011

competition, akin to the competition in wholesale electricity markets. An acute form of market power may arise if a supplier is …

Persistent link: https://www.econbiz.de/10011383176

Oligopolistic competition in price and quality

Dubovik, Andrei; Janssen, Maarten C. W. - 2008

We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...

Persistent link: https://www.econbiz.de/10011376636

On the benefits of being alone : scheduling changes, intensity of competition and dynamic airline pricing

Kerkemezos, Yannis; Karreman, Bas - 2020

increase with the intensity of competition. We develop a new measure of competition for which we use the proximity (in … departure time) of a given flight to its competitors to infer the intensity of competition and estimate the impact of … competition on advance purchase discounts (APDs) and the dynamic pricing of airlines by exploiting plausibly exogenous changes in …

Persistent link: https://www.econbiz.de/10012251366

Exclusive portfolio dealing and market inefficiency

Kessler, Natalie; Lelyveld, Iman van; Woerd, Ellen van der - 2024

We rationalize exclusive portfolio dealing in a novel three-period partial equilibrium framework populated by a representative, risk-neutral seller and a small number of ex ante identical broker-dealers. Endowed with independent, uncertain demand for a representative asset, the broker-dealers...

Persistent link: https://www.econbiz.de/10014496480

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

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 …

Persistent link: https://www.econbiz.de/10011376656

Till debt do us part : strategic divorces and a test of moral hazard

Kim, Yeorim; Mastrogiacomo, Mauro; Hochgürtel, Stefan; … - 2022

We test whether households that face prospective home equity losses during a house price downturn use divorce to shed debt. We study the Dutch context, where qualifying homeowners can buy into a mortgage guarantee scheme that insures the lender against borrower default and transfers the risk to...

Persistent link: https://www.econbiz.de/10013332708

The pricing of bank debt guarantees

Arping, Stefan - 2009

Persistent link: https://www.econbiz.de/10003860987

Reciprocity and incentive pay in the workplace

Dur, Robert A. J.; Non, Jan Adrianus; Roelfsema, Hein - 2008

We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker's effort nor manager's attention can be contracted, a double moral-hazard problem arises, implying that reciprocal workers should be given weak financial incentives. In a...

Persistent link: https://www.econbiz.de/10011377049

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