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The welfare effects of discrimination in insurance

Noll, Rob van der - 2005

We study an insurance model characterized by a continuum of risk types, private information and a competitive supply side. We use the model to investigate the welfare effects of discrimination (also known as risk selection). We postulate that a test is available that determines whether an...

Persistent link: https://www.econbiz.de/10011348719

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

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

Asset-based lending

Bijkerk, Suzanne H.; Vries, Casper G. de - 2019 - This version: May 1, 2019

firms. We analyze the effect of competition on asset-based loan markets on interest rate distributions and the mobility of … interest rates and firms switch lender with positive probability. Increased competition between lenders does not benefit firms …

Persistent link: https://www.econbiz.de/10012025986

Input versus output taxation in an experimental international economy

Riedl, Arno; Winden, Frans A. A. M. van - 2003

This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a relatively small 'home' country and a large 'foreign' country. It compares the economic performance of two alternative tax systems as a means to finance unemployment benefits: a...

Persistent link: https://www.econbiz.de/10011333884

(Non-)insurance markets, loss size manipulation and competition : experimental evidence

Hinloopen, Jeroen; Soetevent, Adriaan R. - 2016

defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … power have incentives to create insurance markets. Insurer competition will push their profits to zero but markets do not … our theory and find support. Monopolistic insurer-subjects in non-insurance markets increase loss sizes to establish …

Persistent link: https://www.econbiz.de/10011456744

Continuous time trading in markets with adverse selection

Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2000

We investigate the nature of the adverse selection problem in a market for adurable goodwhere trading and entry of new buyers and sellers takes place in continuoustime. In thecontinuous time model equilibria with properties that are qualitativelydifferent from thestatic equilibria, emerge....

Persistent link: https://www.econbiz.de/10011304379

Dynamic insurance and adverse selection

Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2001

We take a dynamic perspective on insurance markets under adverseselection and study a generalized Rothschildand Stiglitz model where agents may differ with respect to theaccidental probability and their expenditure levels incase an accident occurs. We investigate the nature of dynamicinsurance...

Persistent link: https://www.econbiz.de/10011318577

Identifying risk-based selection in social insurance : new approaches and findings

Ejrnæs, Mette; Hochgürtel, Stefan - 2022

We study risk-based selection into a voluntary unemployment insurance (UI) scheme. To disentangle behavioral effects from selection, we exploit variation in the sign-up induced by an early retirement scheme embedded into the UI system. We combine an event study with a differencein-difference...

Persistent link: https://www.econbiz.de/10013274253

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

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