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Uberrimae Fidei and Adverse Selection: the equitable legal judgment of Insurance Contracts
Strauss, Jason David - Volkswirtschaftliche Fakultät, … - 2008
This paper examines uberrimae fidei (utmost good faith) with adverse selection in an insurance market. If consumers … the (equitable) non-strict enforcement (judicial ruling) of contracts of insurance can be efficiency enhancing as it can …
Persistent link: https://www.econbiz.de/10005619644
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e-Communications: Investment and the Regulatory Framework
Jones, Siôn; Jones, Pau - Volkswirtschaftliche Fakultät, … - 2006
The EU regulatory framework for e-communications was adopted by the European Parliament and the Council in 2002, and became applicable from 2003. It has three primary objectives: (1) to promote competition; (2) to develop the single market; and (3) to promote citizens' rights. The European...
Persistent link: https://www.econbiz.de/10005789277
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Markets Susceptible to ex ante Regulation : Methodology and Commission Recommendation
STUMPF, Ulrich - Volkswirtschaftliche Fakultät, … - 2006
The EU regulatory framework for electronic communications services distinguishes between markets that are susceptible to ex ante regulation and those that are subject to competition law alone. The paper lays out the methodology for identifying relevant markets that may be considered for ex ante...
Persistent link: https://www.econbiz.de/10005837457
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Incentives, Supervision and Regulation of Microfinance Institutions in the developing countries
Founanou, Mathurin; Ratsimalahelo, Zaka - Volkswirtschaftliche Fakultät, … - 2012
We analyze the optimal regulation of a MFI that has private information on the intrinsic quality of its loan portfolio (adverse selection) and where the MFI’s choice of effort to improve this quality cannot be observed by the regulator (moral hazard). In designing optimal contracts the...
Persistent link: https://www.econbiz.de/10011259987
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Adverse selection and moral hazard among the poor: evidence from a randomized experiment
Spenkch, Jörg L. - Volkswirtschaftliche Fakultät, … - 2011
Not only does economic theory predict high-risk individuals to be more likely to purchase insurance, but insurance … Experiment in Mexico, this paper documents patterns of adverse selection into health insurance as well as the existence of non … intervention have, all else equal, a higher propensity to take up insurance; and (ii) insurance coverage reduces the demand for …
Persistent link: https://www.econbiz.de/10009644911
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Contestability and collateral in credit markets with adverse selection
Cesaroni, Giovanni - Volkswirtschaftliche Fakultät, … - 2010
The work discusses a basic proposition in the theory of competition in markets with adverse selection (Bester, 1985). By working out the sequence of market transactions, we show that the effectiveness of collateral in avoiding equilibrium rationing depends on an assumption of uncontestability of...
Persistent link: https://www.econbiz.de/10008743001
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Can information asymmetry cause agglomeration?
Berliant, Marcus; Kung, Fan-chin - Volkswirtschaftliche Fakultät, … - 2008
The modern literature on city formation and development, for example the New Economic Geography literature, has studied the agglomeration of agents in size or mass. We investigate agglomeration in sorting or by type of worker, that implies agglomeration in size when worker populations differ by...
Persistent link: https://www.econbiz.de/10005789316
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Do Credit Constraints Matter more for College Dropout Entrepreneurs?
Werner, Arndt - Volkswirtschaftliche Fakultät, … - 2008
Start-ups and their respective market partners are faced with severe problems of asymmetric information due to their lack of prior production history and reputation. Given this situation, it is most likely that outside financiers will not be informed about the potential gains, losses, and risks...
Persistent link: https://www.econbiz.de/10005789869
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Can Information Asymmetry Cause Stratification?
Berliant, Marcus; Kung, Fan-chin - Volkswirtschaftliche Fakultät, … - 2010
The empirical literature has found evidence of locational sorting of workers by wage or skill. We show that such sorting can be driven by asymmetric information in the labor market, specifically when firms do not know if a particular worker is of high or low skill. In a model with two types and...
Persistent link: https://www.econbiz.de/10008562640
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Can information asymmetry cause agglomeration?
Berliant, Marcus; Kung, Fan-chin - Volkswirtschaftliche Fakultät, … - 2009
The modern literature on city formation and development, for example the New Economic Geography literature, has studied the agglomeration of agents in size or mass. We investigate agglomeration in sorting or by type of worker, that implies agglomeration in size when worker populations differ by...
Persistent link: https://www.econbiz.de/10008565436