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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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Understanding the Death Benefit Switch Option in Universal Life Policies
Gatzert, Nadine; Hoermann, Gudrun - Institut für Versicherungswirtschaft <Sankt Gallen> - 2008
Universal life policies are the most popular insurance contract design in theUnited States. They have either a level death benefit paying a fixed faceamount, or an increasing death benefit, which additionally pays the availablecash value, and both types include the option to switch from one to...
Persistent link: https://www.econbiz.de/10005861348
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Is there Market Discipline in the European Insurance Industry? An Analysis of the German Insurance Market
Eling, Martin; Schmit, Joan T. - Institut für Versicherungswirtschaft <Sankt Gallen> - 2008
The financial services industry has undergone significant regulatory change in thepast two decades due to Basel II (banking) and Solvency II (insurance). Even though these promulgations are focused on European institutions, their influenceextends around the globe. An important dimension of this...
Persistent link: https://www.econbiz.de/10005861349
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The United States RBC Standards, Solvency II, and the Swiss Solvency Test : A Comparative Assessment
Holzmüller, Ines - Institut für Versicherungswirtschaft <Sankt Gallen> - 2008
Cummins et al. (1994) provide a conceptual framework for policymakers to use in analyzing risk-based capital systems. Based on their framework, this article provides an overview and critical analysis of risk-based capital requirements, with a focus on property/casualty insurance, as implemented...
Persistent link: https://www.econbiz.de/10005861350
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Understanding Price Competition in German Motor Insurance
Eling, Martin; Luhnen, Michael - Institut für Versicherungswirtschaft <Sankt Gallen> - 2008
This paper analyzes price competition in the German motor insurance market since 1994 and looks for evidence to back up a claim frequently found in the trade literature—that there have been two recent price wars in this industry, the first in 1996–1999, the second in 2005–2006. In a first...
Persistent link: https://www.econbiz.de/10005861352