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Termination fees and contract design in public-private partnerships
Buso, Marco; Dosi, Cesare; Moretto, Michele - 2018
We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be loss-making. In a continuous time setting with hidden information about stochastic operating profits, we show that a revenue-maximizing government can optimally...
Persistent link: https://www.econbiz.de/10011925624
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A theory of reverse retirement
Ponthiere, Gregory - 2018
Persistent link: https://www.econbiz.de/10011996014
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The effects of changes in social security's delayed retirement credit : evidence from administrative data
Duggan, Mark G.; Dushi, Irena; Jeong, Sookyo; Li, Gina - 2021
Persistent link: https://www.econbiz.de/10012588325
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Sustainable and equitable pension reform for emerging economies : an application to Indonesia
Kudrna, George; Piggott, John; Phitawat Poonpolkul - 2024
Persistent link: https://www.econbiz.de/10014534662
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Deductible or co-insurance: which is the better insurance contract under adverse selection?
Breuer, Michael (contributor) - 2004 - [Elektronische Ressource]
optimal insurance. It analyzes two basic forms of insurance contracts: A contract with a deductible and a contract imposing a … form of an insurance contract to impose partial insurance of the low risks. This paper contributes to the discussion on … positive co-insurance rate. Since high risks can always self-reveal themselves as high risks and buy the optimal insurance …
Persistent link: https://www.econbiz.de/10001957148
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Contracting under Knightian uncertainty
Amarante, Massimiliano; Ghossoub, Mario; Phelps, Edmund S. - 2011
Persistent link: https://www.econbiz.de/10009305377
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Pensions and social justice : from standard retirement to reverse retirement
Ponthiere, Gregory - 2020
Persistent link: https://www.econbiz.de/10012271028
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Impact of later retirement on mortality : evidence from France
Bozio, Antoine; Garrouste, Clémentine; Perdrix, Elsa - 2019
Persistent link: https://www.econbiz.de/10012001484
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Optimal stopping time, consumption, labour, and portfolio decision for a pension scheme
Menoncin, Francesco; Vergalli, Sergio - 2019
-temporal labour supply, (iii) the optimal share of wealth to invest in a risky asset, and (iv) the optimal retirement age. The wage of … after retirement he received a utility that is proportional to the remaining human capital. Finally, a numerical simulation …
Persistent link: https://www.econbiz.de/10012006564
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Saving for retirement through the public pension system : evidence from the self-employed in Spain
Iraizoz, Ander - 2020
Persistent link: https://www.econbiz.de/10012387081