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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

Using the value at risk method in estimation of investment risk in the metallurgical sector companies

Miłoś, Ewa - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 1, pp. 37-48

The aim of this paper is to analyze the merits of using the Value At Risk method in estimating the risk associated with investments in metallurgical sector companies. The paper presents how to construct the model, various methods of its estimation and their advantages and disadvantages. In the...

Persistent link: https://www.econbiz.de/10009959707

Knowledge mangement in the LGU's

Skiza, Tomasz - In: E-Finanse : finansowy kwartalnik internetowy 8 (2012) 1, pp. 117-124

The article is regarding the issue of the knowledge management at local government. It's contents are focusing on the diagnosis in theoretical as well as practical perspective possibilities of managing decks of the knowledge in local government units. The subject brought up in this article is...

Persistent link: https://www.econbiz.de/10010009376

Diagnosis converning the financial knowledge of Local Government Units (LGUs)

Skica, Tomasz; Wolowiec, Tomasz - In: E-Finanse : finansowy kwartalnik internetowy 8 (2012) 2, pp. 69-75

Systemic management of a local government unit lacks viewing the LGU as an economic entity which should actively use modern financial knowledge in its activity in order to stimulate active construction of an economic and social potential. It needs to stimulate processes of building in local...

Persistent link: https://www.econbiz.de/10010009388

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

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