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Contracts as Rent Seeking Devices : Evidence from German Soccer
Feess, Eberhard; Gerfin, Michael; Muehlheusser, Gerd - 2021
compensated ex ante by a higher wage when agreeing to a long term contract. Using data from the German "Bundesliga", our model …
Persistent link: https://www.econbiz.de/10013324781
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Double-Sided Moral Hazard in Job Displacement Insurance Contracts
Parsons, Donald O. - 2014
Job displacement insurance typically includes both unemployment benefits and lump-sum severance pay, and each has provoked policy concerns. Unemployment insurance concerns have centered on distorted job search/offer acceptance decisions by the worker, severance-induced firing cost concerns on...
Persistent link: https://www.econbiz.de/10013067317
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The Response to Dynamic Incentives in Insurance Contracts with a Deductible : Evidence from a Differences-in-Regression-Discontinuities Design
Klein, Tobias J. - 2020
We develop a new approach to quantify how patients respond to dynamic incentives in health insurance contracts with a deductible. Our approach exploits two sources of variation in a differences-in-regression-discontinuities design: deductible contracts reset at the beginning of the year, and...
Persistent link: https://www.econbiz.de/10012837905
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Overtime Working and Contract Efficiency
Hart, Robert A. - 2013
We present a wage-hours contract designed to minimize costly job turnover given investments in on the job training …
Persistent link: https://www.econbiz.de/10013076817
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Formal and Informal Risk Sharing in LDCs : Theory and Empirical Evidence
Dubois, Pierre; Jullien, Bruno; Magnac, Thierry - 2021
We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to explain the patterns of income and consumption growth in village economies of less developed countries. Households can insure each other through both formal contracts and...
Persistent link: https://www.econbiz.de/10013316985
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Exit, Voice or Loyalty? An Investigation into Mandated Portability of Front-Loaded Private Health Plans
Atal, Juan Pablo - 2017
We study theoretically and empirically how consumers in an individual private longterm health insurance market with front-loaded contracts respond to newly mandated portability requirements of their old-age provisions. To foster competition, effective 2009, the German legislature made the...
Persistent link: https://www.econbiz.de/10012952588
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Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem - 2011
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …
Persistent link: https://www.econbiz.de/10013119292
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Corporate Efficiency, Credit Status and Investment
Quader, Manzur - 2014
's constrained credit status changes with the improvement of its efficiency. The results further reveal that financially constrained …
Persistent link: https://www.econbiz.de/10013051438
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Gambling and the Use of Credit : An Individual and Household Level Analysis
Brown, Sarah - 2010
use of credit, at the individual and household level using representative pooled cross-section data drawn from the UK … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … between gambling and the use of credit is remarkably stable across household income. In addition to our household level …
Persistent link: https://www.econbiz.de/10013146840
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Transactions Costs and the Employment Contract in the US Economy
MacLeod, W. Bentley - 2013
In this paper we adapt the model of MacLeod (2007) to provide one way to formally implement some of Williamson's ideas regarding the effect of transactions costs upon employment relationship. We then explore the empirical implications of this model with a data set that measures job...
Persistent link: https://www.econbiz.de/10013083747