Similar Search Results

Cream Skimming, Dregs Skimming, and Pooling: On the Dynamics of Competitive Screening

Lund, Diderik; Nilssen, Tore - 2003

We discuss the existence of a pooling equilibrium in a two-period model of an insurance market with asymmetric information. We solve the model numerically. We pay particular attention to the reasons for non-existence in cases where no pooling equilibrium exists. In addition to the phenom- enon...

Persistent link: https://www.econbiz.de/10012142264

Education, reputation or network? : evidence from Italy on migrant workers employability

Mazzanti, Massimiliano; Mancinelli, Susanna; Ponti, Giovanni - 2009

signals to modify employers' beliefs. Relevant mechanisms for reaching this purpose are personal reputation; exploiting ethnic … logit model for immigrants' likelihood of being employed, focusing on the above mentioned mechanisms: reputation, ethnic … private human capital investments. -- Educational Qualifications ; Migrant Networks ; Immigrant Employability ; Reputation …

Persistent link: https://www.econbiz.de/10008810982

Monopolistic screening under learning by doing

Gärtner, Dennis - 2007

This paper investigates the design of incentives in a dynamic adverse selection framework when agents’ production technologies display learning effects and agents’ rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show...

Persistent link: https://www.econbiz.de/10003892452

Competitive screening in insurance markets with endogenous wealth heterogeneity

Netzer, Nick; Scheuer, Florian - 2009 - Revised version

We examine equilibria in competitive insurance markets with adverse selection when wealth differences arise endogenously from unobservable savings or labor supply decisions. The endogeneity of wealth implies that high risk individuals may ceteris paribus exhibit the lower marginal willingness to...

Persistent link: https://www.econbiz.de/10003900923

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

Crime and education in a model of information transmission

Cortés, Darwin; Friebel, Guido; Maldonado, Darío - 2010

We model the decisions of young individuals to stay in school or drop-out and engage in criminal activities. We build on the literature on human capital and crime engagement and use the framework of Banerjee (1993) that assumes that the information needed to engage in crime arrives in the form...

Persistent link: https://www.econbiz.de/10008746932

On the legitimacy of coercion for the financing of public goods

Bierbrauer, Felix - 2009

The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...

Persistent link: https://www.econbiz.de/10008824513

Merger negotiations and ex-post regret

Gärtner, Dennis (contributor); … - 2007

We consider a setting in which two potential merger partners each possess private information pertaining both to the profitability of the merged entity and to stand-alone profits, and we investigate the extent to which this private information makes ex-post regret an unavoidable phenomenon in...

Persistent link: https://www.econbiz.de/10003387546

Regulating the environmental consequences of preferences for social status within an evolutionary framework

Sartzetakis, Eftichios Sofokles; Xepapadeas, Anastasios; … - 2015

Taking as given that we are consuming too much and that overconsumption leads to environmental degradation, the present paper examines the regulator's choices between informative advertisement and consumption taxation. We model overconsumption by considering individuals that care about social...

Persistent link: https://www.econbiz.de/10010513995

What's the damage? : environmental regulation with policy-motivated bureaucrats

Voß, Achim; Lingens, Jörg - 2014

Many environmental-policy problems are characterized by complexity and uncertainty. Government's choice concerning these policies commonly relies on information provided by a bureaucracy. Environmental bureaucrats often have a political motivation of their own, so they might be tempted to...

Persistent link: https://www.econbiz.de/10010380647

1
2
3
4
5
6
7
8
9
10
Next
Last