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Corruption as a barrier to entry: Theory and evidence
Campos, Nauro F.; Estrin, Saul; Proto, Eugenio - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe (tax), but because of another less studied feature of corruption, namely bribe unavoidability....
Persistent link: https://www.econbiz.de/10010274698
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On the Optimal Size of a Joint Savings Association
Stark, Oded; Budzinski, Wiktor; Jakubek, Marcin; … - 2022
We develop a formula for the optimal size of a joint savings association between individuals who share the same financial goal and who can save towards that goal at the same rate. Our motivating example and the core of our analysis is a Rotating Savings and Credit Association (ROSCA). We measure...
Persistent link: https://www.econbiz.de/10013351922
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Corruption as a Barrier to Entry: Theory and Evidence
Campos, Nauro F.; Estrin, Saul; Proto, Eugenio - Institute for the Study of Labor (IZA) - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less studied feature of corruption, namely bribe...
Persistent link: https://www.econbiz.de/10008682953
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Information and competition entry
Ewers, Mara - 2012
This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … productivity. Information on the opponent is a promising nudge to raise individuals' awareness towards the complexity of the …
Persistent link: https://www.econbiz.de/10010282257
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Can Information Influence the Social Insurance Participation Decision of China's Rural Migrants?
Giles, John T.; Meng, Xin; Xue, Sen; Zhao, Guochang - 2021
This paper uses a randomized information intervention to shed light on whether poor understanding of social insurance … insurance and pension programs among China's rural-urban migrants. Among workers without a contract, the information …. Migrants are responsive to price: in cities where the premia are low relative to earnings, information induces health insurance …
Persistent link: https://www.econbiz.de/10012497994
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Exposing Corrupt Politicians: The Effects of Brazil’s Publicly Released Audits on Electoral Outcomes
Ferraz, Claudio; Finan, Frederico - Institute for the Study of Labor (IZA) - 2007
This paper examines whether access to information enhances political accountability. Based upon the results of Brazil … value of information and the role of the media in reducing informational asymmetries in the political process. …
Persistent link: https://www.econbiz.de/10005761657
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Delegation of Authority as an Optimal (In)complete Contract
Roider, Andreas - 2004
The present paper aims to contribute to the literature on the foundations of incomplete contracts by providing conditions under which simple delegation of authority is the solution to the complete-contracting problem of the parties. We consider a hold-up framework where both parties profit from...
Persistent link: https://www.econbiz.de/10010262045
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Contracting with Private Information
Hagedorn, Marcus - 2003
information, transaction-cost free environment may be may generate valuable insights. We achieve this by assuming bargaining with … asymmetric information. We consider the consequences of asymmetric information for investment decisions and for the assignment of …
Persistent link: https://www.econbiz.de/10010262108
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Relational Delegation
Alonso, Ricardo; Matouschek, Niko - 2005
We explore the optimal delegation of decision rights by a principal to a better informed but biased agent. In an infinitely repeated game a long lived principal faces a series of short lived agents. Every period they play a cheap talk game ala Crawford and Sobel (1982) with constant bias,...
Persistent link: https://www.econbiz.de/10010262184
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The Hold-Down Problem and the Boundaries of the Firm: Lessons from a Hidden Action Model with Endogenous Outside Option
Schnedler, Wendelin; Sunde, Uwe - 2002
This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance arguments nor depends on ownership structure. We analyse a repeated hidden action model in which the actions of a risk neutral agent determine his future outside option. Consequently,...
Persistent link: https://www.econbiz.de/10010262786