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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 …
Persistent link: https://www.econbiz.de/10011376656
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Firm subsidies, financial intermediation, and bank stability
Kazakov, Aleksandr; Koetter, Michael; Titze, Mirko; … - 2022
We use project-level information for the largest regional economic development program in German history to study whether government subsidies to firms affect quantity and quality of bank lending. We combine recipient firms under the Improvement of Regional Economic Structures program (GRW) with...
Persistent link: https://www.econbiz.de/10013413540
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Risk diversification by European financial conglomerates
Slijkerman, Jan Frederik; Schoenmaker, Dirk; Vries, … - 2005
We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and insurers differs, an interesting question from a supervisory point of view is the risk reduction that derives from diversification within large banks and financial...
Persistent link: https://www.econbiz.de/10011346454
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Can market power be controlled by regulation of core prices alone? : an empirical analysis of airport demand and car rental price
Czerny, Achim Ingo; Shi, Zijun; Zhang, Anming - 2015
-dollar increase in the daily car rental price reduces passenger demand at 199 US airports by more than 0.36 percent. A major …
Persistent link: https://www.econbiz.de/10010504043
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An indirect utility model of multiple car ownership and use
Rouwendal, Jan; Pommer, John - 2004
The number of households with two or more cars is steadily increasing over time. The reason is that ownership of a single car imposes restrictions on car use when there are multiple license holders in a household. If such restrictions are severe, the benefits of multiple-car ownership may exceed...
Persistent link: https://www.econbiz.de/10011337399
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Car ownership and residential parking subsidies : evidence from Amsterdam
Groote, Jesper de; Ommeren, Jos van; Koster, Hans - 2015 - This version: 25 September 2015
waiting lists for permits and therefore in the size of the parking subsidy. In the city center, the waiting time for a permit … with 2 percentage points corresponding to a price elasticity of car demand of -0.8. We demonstrate that subsidizing …
Persistent link: https://www.econbiz.de/10011350734
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Does public transit reduce car travel externalities?
Adler, Martin W.; Ommeren, Jos van - 2015
substantial, equivalent to about half of the public transit subsidy. We demonstrate that during weekends, car speed does not …
Persistent link: https://www.econbiz.de/10010477114
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Insurance sector risk
Slijkerman, Jan Frederik - 2006
We model and measure simultaneous large losses of the market value of insurers to understand the impact of shocks on the insurance sector. The downside risk of insurers is explicitly modelled by common and idiosyncratic risk factors. Since reinsurance is important for the capacity of insurers,...
Persistent link: https://www.econbiz.de/10011349192
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(Non-)insurance markets, loss size manipulation and competition : experimental evidence
Hinloopen, Jeroen; Soetevent, Adriaan R. - 2016
markets with small initial loss sizes, insurers may try to raise these in order to create demand for insurance. After having … defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … our theory and find support. Monopolistic insurer-subjects in non-insurance markets increase loss sizes to establish …
Persistent link: https://www.econbiz.de/10011456744
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Retirement with perfect insurance
Kula, Grzegorz - 2003
This paper focuses on the relation between worker's productivity and retirement decision. Assuming that productivity follows geometric Brownian motion with drift, there exists such a level of productivity for which it is optimal to retire. The worker buys an insurance, which gives a constant...
Persistent link: https://www.econbiz.de/10011334338