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Dynamic Supplier Contracts under Asymmetric Inventory Information
Zhang, Hao; Nagarajan, Mahesh; Sosic, Greys - 2010
In this paper, we examine a supply chain in which a single supplier sells to a downstream newsvendor-type retailer. We make two assumptions that enrich this simple and well-understood model. First, we consider a multi-period model, in which the sequence of events is as follows. In a period, t,...
Persistent link: https://www.econbiz.de/10014047671
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From Nothing to Too Much : Regulatory Reform in Greece
Hatzis, Aristides N.; Nalpantidou, Sonia - 2013
make the situation worse, an impact assessment analysis should accompany every law and every regulation of every Ministry …
Persistent link: https://www.econbiz.de/10014221615
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Competition and the Ratchet Effect
Charness, Gary - 2010
robustness to labor market competition both theoretically and experimentally. Consistent with our theoretical model, we observe … substantial ratchet effects in the absence of competition, which is nearly eliminated when competition is introduced; this is true …
Persistent link: https://www.econbiz.de/10013138400
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A Welfare Analysis of Competitive Insurance Markets with Vertical Differentiation and Adverse Selection
MacLeod, W. Bentley - 2023
A feature of many insurance markets is that they combine vertical differentiation (all consumers prefer high to low-coverage policies) and adverse selection (high cost customers prefer high-coverage plans). Building on Novshek and Sonnenschein (1978) and Azevedo and Gottlieb (2017), this paper...
Persistent link: https://www.econbiz.de/10014263157
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The Market for Financial Adviser Misconduct
Egan, Mark - 2016
We construct a novel database containing the universe of financial advisers in the United States from 2005 to 2015, representing approximately 10% of employment of the finance and insurance sector. We provide the first large-scale study that documents the economy-wide extent of misconduct among...
Persistent link: https://www.econbiz.de/10012997876
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Regulating Misinformation
Glaeser, Edward L. - 2007
The government has responded to misleading advertising by banning it, engaging in counter-advertising and taxing the product. In this paper, we consider the social welfare effects of those different responses to misinformation. While misinformation lowers consumer surplus, its effect on social...
Persistent link: https://www.econbiz.de/10012778091
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Banking Deregulations, Financing Constraints, and Firm Entry Size
Kerr, William - 2014
We examine the effect of US branch banking deregulations on the entry size of new firms using micro-data from the US … Census Bureau. We find that the average entry size for startups did not change following the deregulations. However, among … maximum size in the first year. The magnitude of these effects were small compared to the much larger changes in entry rates …
Persistent link: https://www.econbiz.de/10013070600
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Vertical Arrangements, Market Structure, and Competition an Analysis of Restructured U.S. Electricity Markets
Bushnell, James - 2007
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...
Persistent link: https://www.econbiz.de/10012775797
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Competition and Bank Liquidity Creation
Jiang, Liangliang - 2016
Does an intensification of competition among banks increase or decrease liquidity creation? By integrating the dynamic … process of interstate bank deregulation that lowered barriers to competition across U.S. states over the 1980s and 1990s with … facing each individual bank. We find that regulatory-induced competition reduced liquidity creation. Consistent with some …
Persistent link: https://www.econbiz.de/10012993246
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Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry
Zingales, Luigi - 2021
This paper studies the impact that capital market imperfections have on the natural" selection of the most efficient firms by estimating the effect of the pre-deregulation level of" leverage on the survival of trucking firms after the Carter deregulation. Highly leveraged" carriers are less...
Persistent link: https://www.econbiz.de/10013215356