Narrow search
Showing 1 - 10 of 3,081
Cover Image
A theory of firm decline
Sabatini, Fabio - 2010
This paper carries out an investigation into the socio-economic determinants of couples’ childbearing decisions in Italy. Since having children is in most cases a “couple matter”, the analysis accounts for the characteristics of both the possible parents. Our results do not support...
Persistent link: https://www.econbiz.de/10008732064
Cover Image
A theory of firm decline
Clementi, Gian Luca; Cooley, Thomas F.; Di Giannatale, Sonia - 2010 - This version: July 20, 2009
We study the problem of an investor that buys an equity stake in an entrepreneurial venture, under the assumption that the former cannot monitor the latter’s operations. The dynamics implied by the optimal incentive scheme is rich and quite different from that induced by other models of...
Persistent link: https://www.econbiz.de/10008732070
Cover Image
Integrated assessment of climate catastrophes with endogenous uncertainty : does the risk of ice sheet collapse justify precautionary mitigation?
Diaz, Delavane B. - 2015
climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter … benchmark integrated assessment model. This study moves beyond recent catastrophe or tipping point studies with arbitrary risk … introduced here informs risk management strategies that balance uncertain future climate change impacts with the costs of …
Persistent link: https://www.econbiz.de/10011290817
Cover Image
Generosity versus duration trade-off and the optimization ability of the unemployed
Khoury, Laura - 2019
Persistent link: https://www.econbiz.de/10012001840
Cover Image
Competitive Markets without Commitment
Netzer, Nick; Scheuer, Florian - 2008
In the presence of a time-inconsistency problem with optimal agency contracts, we show that competitive markets implement allocations that Pareto dominate those achieved by a benevolent planner, they induce strictly more effort, and they sometimes make the commitment problem disappear entirely....
Persistent link: https://www.econbiz.de/10003894094
Cover Image
Moral hazard and lack of commitment in dynamic economies
Karajvanov, Alexander K.; Martin, Fernando M. - 2011
We revisit the role of limited commitment in a dynamic risk-sharing setting with private information. We show that a …
Persistent link: https://www.econbiz.de/10009312805
Cover Image
Student loans and repayment : theory, evidence and policy
Lochner, Lance; Monge-Naranjo, Alexander - 2014
Persistent link: https://www.econbiz.de/10010423519
Cover Image
Efficient bailouts?
Bianchi, Javier - 2016
Persistent link: https://www.econbiz.de/10011477274
Cover Image
Multiple losses, ex-ante moral hazard, and the non-optimality of the standard insurance contract
Breuer, Michael (contributor) - 2003 - [Elektronische Ressource]
Under certain conditions the optimal insurance policy will offer full coverage above a deductible, as Arrow and others have shown long time ago. Interestingly, the same design of insurance policies applies in case of a single loss and ex-ante moral hazard. However, many insurance policies...
Persistent link: https://www.econbiz.de/10001744785