compensation of financial executives. This increase has been associated with greater risk-taking and the use of more complex … traditional partnership replaced by public companies. The organizational change has increased the competition for managerial … talent, which may have weakened the commitment between investors and managers. We show how increased competition and the …

nuclear plant. Nuclear power has long been controversial because of concerns about nuclear accidents, proliferation risk, and …

well calibrated. Finally we assess the role of risk, finding little evidence that risk-aversion drives a wedge between …

Risk-adjustment systems used to pay health plans in individual health insurance markets have evolved towards better … risk adjustment. Adding variables demands further plan and provider-supplied data. Some data called for in the more complex … in the number of diagnostic-based risk adjustors are possible using machine learning integrated with our constrained …

model of risk-selection in such settings. Capitation incentivizes insurers to retain low-cost clients and thus improve their …

risk-inducing. Using a novel, real-effort task experiment in the laboratory, we find that the relationship between … incentives and risk-taking is more nuanced and depends critically on the availability of information about peers’ strategies and … significantly less risk-taking than non-competitive rewards. In contrast, when decision-makers receive information about their peers …

We show that stricter bank liquidity standards can trigger unintended credit booms when there is heterogeneity in …