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Bilateral Contracts
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1
Regression Discontinuity Designs with an Endogenous Forcing Variable and an Application to Contracting in Health Care
Bajari, Patrick
-
2011
Regression discontinuity designs (RDDs) are a popular method to estimate treatment effects. However, RDDs may fail to yield consistent estimates if the forcing variable can be manipulated by the agent. In this paper, we examine one interesting set of economic models with such a feature....
Persistent link: https://www.econbiz.de/10013117577
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2
Client-Based Entrepreneurship
Rauch, James E.
-
2014
. If when an employer and worker establish a relationship they cannot
contract
on the output and profits of the worker …'s prospective new firm, the employer counters by inducing the worker to sign a
contract
that prohibits him from competing or …
Persistent link: https://www.econbiz.de/10013069964
Saved in:
3
Evaluating Asset Pricing Models with Limited Commitment Using Household Consumption Data
Krueger, Dirk
-
2007
We evaluate the asset pricing implications of a class of models in which risk sharing is imperfect because of limited enforcement of intertemporal contracts. Lustig (2004) has shown that in such a model the asset pricing kernel can be written as a simple function of the aggregate consumption...
Persistent link: https://www.econbiz.de/10012775482
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4
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 long-term health insurance market with front-loaded contracts respond to newly mandated portability requirements of their old-age provisions. To foster competition, effective 2009, German legislature made the...
Persistent link: https://www.econbiz.de/10012954932
Saved in:
5
Risk Management with Supply Contracts
Almeida, Heitor
-
2017
Purchase obligations are forward contracts with suppliers and are used more broadly than traded commodity derivatives. This paper is the first to document that these contracts are a risk management tool and have a material impact on corporate hedging activity. Firms that expand their risk...
Persistent link: https://www.econbiz.de/10012958576
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6
Financial Contracting
Hart, Oliver
-
2010
This paper discusses how economists' views of firms' financial structure decisions have evolved from treating firms' profitability as given; to acknowledging that managerial actions affect profitability; to recognizing that firm value depends on the allocation of decision or control rights. The...
Persistent link: https://www.econbiz.de/10012763154
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7
Contract
Renegotiation in Agency Problems
Edlin, Aaron S.
-
2010
procedures. A noisy signal, however, means that the optimal
contract
will involve terms that courts might view as punitive and so …
Persistent link: https://www.econbiz.de/10012763577
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8
Contracting Over the Disclosure of Scientific Knowledge : Intellectual Property and Academic Publication
Gans, Joshua S.
-
2016
This paper provides a theoretical investigation of the tension over knowledge disclosure between firms and their scientific employees. While empirical research suggests that scientists exhibit a "taste for science," such open disclosures can limit a firm's competitive advantage or ability to...
Persistent link: https://www.econbiz.de/10013007060
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9
Risk Sharing Through Breach of
Contract
Remedies
Polinsky, A. Mitchell
-
2021
This paper examines the sharing of risk under three different remedies for breach of
contract
. The risk considered …. By means of a numerical example, it is shown that use of the prevailing remedy for breach of
contract
-- the expectation …
Persistent link: https://www.econbiz.de/10013223596
Saved in:
10
Incentives in Hmos
Gaynor, Martin
;
Rebitzer, James B.
;
Taylor, Lowell J.
-
2021
's incentive
contract
provides a typical physician an increase, at the margin, of $0.10 in income for each $1.00 reduction in …
Persistent link: https://www.econbiz.de/10013233219
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