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The impact of inequity aversion on relational incentive contracts

Kragl, Jenny - 2009

Trittbrettfahrerproblems und die Anreizwirkung von Neid. Im dritten Aufsatz wird relationalen Individualbonusverträgen ein relatives … wird für ein Beispiel gezeigt, dass die Zinsspanne, für die der Bonusvertrag das Turnier dominiert, im Neid der Agenten … to the literature, we find that inequity aversion may be beneficial: In the presence of envy, for a certain range of …

Persistent link: https://www.econbiz.de/10009467139

Wage setting and wage flexibility in Ireland

Keeney, Mary; Lawless, Martina - 2010

This paper investigates the wage-setting behaviour of Irish firms. We place particular emphasis on the use of flexible pay components and examine how these allow firms to deal with shocks requiring a reduction in costs without having to cut base wages. The results presented in this paper are...

Persistent link: https://www.econbiz.de/10009640360

Financial advice and stock market participation

Georgarakos, Dimitris; Inderst, Roman - 2011

We introduce professional financial advice in households’ choice to hold risky financial assets. Consistent with the predictions from a formal model, we present evidence that households’ trust in financial advice only matters when their perceived own financial capability is low. Instead, for...

Persistent link: https://www.econbiz.de/10009640629

On the initial allocation of tradeable pollution permits.

MacKenzie, Ian A. - 2007

The objective of this thesis is to investigate the initial allocation of pollution permits in a dynamic tradeable market. Tradeable pollution permit markets are an increasingly common method of environmental regulation and it is apparent that future schemes may have a number of repeated...

Persistent link: https://www.econbiz.de/10009465999

Essays on incentive contracts under moral hazard and non-verifiable performance

Schoettner, Anja - 2005

measurement on wage costs in U- and J-type tournaments. In U-type tournaments prizes are fixed. In J-type tournaments only an …

Persistent link: https://www.econbiz.de/10009467167

Contracting with Agents Seeking Status

Bontems, Philippe - 2009

principal in the context of production. We examine in particular the case of envy and we show that in general envy entails … costly observation of private decisions so that we investigate whether envy encourages non compliance or not. …

Persistent link: https://www.econbiz.de/10009444735

Envy and habits : panel data estimates of interdependent preferences

Alvarez-Cuadrado, Francisco; Sutthiphisal, Dhanoos; … - 2012

habits and envy places additional restrictions on the evolution of the optimal consumption path. We use a unique data set …

Persistent link: https://www.econbiz.de/10012530376

Deposit insurance, moral hazard and market monitoring

Gropp, Reint; Vesala, Jukka - 2004

The paper analyses the relationship between deposit insurance, debt-holder monitoring, and risk taking. In a stylised banking model we show that deposit insurance may reduce moral hazard, if deposit insurance credibly leaves out non-deposit creditors. Testing the model using EU bank level data...

Persistent link: https://www.econbiz.de/10009636525

Determinants of Moral hazard in Microfinance: Empirical Evidence from Joint Liability Lending Schemes in Malawi

Simtowe, Franklin; Zeller, Manfred; Phiri, Alexander - 2006

Moral hazard is widely reported as a problem in credit and insurance markets, mainly arising from information asymmetry. Although theorists have attempted to explain the success of Joint Liability Lending (JLL) schemes in mitigating moral hazard, empirical studies are rare. This paper...

Persistent link: https://www.econbiz.de/10009442550

The Demand for Specialty-Crop Insurance: Adverse Selection and Inefficiency

Richards, Timothy J.; Mischen, Pamela - 1998

The twin problems of moral hazard and adverse selection are often blamed for the lack of insurance for many fruits and vegetables. This paper develops an alternative method of testing for adverse selection that uses a two-stage approach to determine the effects of technical inefficiency on the...

Persistent link: https://www.econbiz.de/10009442641