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A Pigouvian Approach to Congestion in Matching Markets
He, Yinghua - 2019
Recruiting agents, or "programs" costly screen "applicants" in matching processes, and congestion in a market increases with the number of applicants to be screened. To combat this externality that applicants impose on programs, application costs can be used as a Pigouvian tax. Higher costs...
Persistent link: https://www.econbiz.de/10012896762
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Can Basic Entrepreneurship Transform the Economic Lives of the Poor?
Bandiera, Oriana - 2014
The world's poorest people lack capital and skills and toil for others in occupations that others shun. Using a large-scale and long-term randomized control trial in Bangladesh this paper demonstrates that sizable transfers of assets and skills enable the poorest women to shift out of...
Persistent link: https://www.econbiz.de/10013063908
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Limited Attention as the Scarce Resource in an Information-Rich Economy
Falkinger, Josef - 2021
This paper uses basic empirical facts from attention and perception psychology for a behavioral approach to equilibrium …-rich and whether scarcity of attention complements economic scarcity. A conventional economic equilibrium results if subjects … equilibrium diversity and level of attention-seeking activities are shown. At the normative level, welfare, efficiency and optimal …
Persistent link: https://www.econbiz.de/10013318625
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Evaluating the Long-Run Impact of an Innovative Anti-Poverty Program : Evidence Using Household Panel Data
Asadullah, M. Niaz - 2016
Using a four-round panel data set from the first phase of the Challenging the Frontiers of Poverty Reduction – Targeting the Ultra Poor (CFPR – TUP) programme of BRAC, we investigate whether a one-off transfer of livestock assets improves well-being of the very poor women in Bangladesh....
Persistent link: https://www.econbiz.de/10012997454
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A Pure Theory of Population Distribution When Preferences are Ordinal
Stark, Holger; Kosiorowski, Grzegorz - 2023
We model an environment in which individuals prefer to be in a space in which their rank is higher, be it a social space, a geographical space, a work environment, or any other comparison sphere which we refer to in this paper, and without loss of generality, as a region. When the individuals...
Persistent link: https://www.econbiz.de/10014261428
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Government Subsidies as a Risk-Sharing Policy Tool in Innovation Investment
Lu, Hao; De Fuentes, Claudia; Milla, Joniada; Ahmadi, Soheil - 2022
Current literature on the impact assessment of government innovation subsidies is mainly empirical driven and lacks an overarching theoretical model to explain the conditions under which government subsidies create positive additionalities on private R&D investment. In this paper, we present a...
Persistent link: https://www.econbiz.de/10014241969
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Managing Systematic Mortality Risk with Group Self Pooling and Annuitisation Schemes
Sherris, Michael - 2011
Group Self-annuitisation Schemes (GSAs), or Pooled Annuity Schemes, are designed to share uncertain future mortality experience including systematic improvements. They have been proposed because of the significant uncertainty of future mortality improvement on pension and annuity costs. The...
Persistent link: https://www.econbiz.de/10013128199
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Modelling Dependence in Insurance Claims Processes with Lévy Copulas
Avanzi, Benjamin - 2011
In this paper we investigate the potential of Lévy copulas as a tool for modelling dependence between compound Poisson processes and their applications in insurance. We analyse characteristics regarding the dependence in frequency and dependence in severity allowed by various Lévy copula...
Persistent link: https://www.econbiz.de/10013130378
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Enrolment in Micro Life and Health Insurance : Evidences from Sri Lanka
Bendig, Mirko - 2011
Microinsurance is an emerging concept protecting households from the potentially catastrophic expenditures associated with family related shocks. Therefore, this paper presents evidence on the determinants of insurance participation using probit models on household survey data from Sri Lanka,...
Persistent link: https://www.econbiz.de/10013131418
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Risk Based Capital and Pricing for Reverse Mortgages Revisited
Sherris, Michael - 2011
Demographic change is happening in developed countries with an ageing of the population. Individuals are financing retirement increasingly from superannuation savings and less from government pension support. A major asset that individuals have to fund their retirement is the residential home....
Persistent link: https://www.econbiz.de/10013133675