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Persistent link: https://www.econbiz.de/10004882732
Information asymmetries are important in theory but difficult to identify in practice. We estimate the presence and …
Persistent link: https://www.econbiz.de/10005497798
In this paper we apply the Principal/Agent theory in case of microcredit granted to the Moroccan micro-companies. The …
Persistent link: https://www.econbiz.de/10008490565
information problems. This paper is one in a series of six CGD working papers by Dean Karlan on various aspects of microfinance …
Persistent link: https://www.econbiz.de/10005162675
Persistent link: https://www.econbiz.de/10002578887
Improved outcomes for women and children - more education, lower fertility rates, higher nutritional status, and lower incidence of illness, among other outcomes - have broad individual, family, and societal benefits. For nearly 15 years, the targets of the millennium development goals (MDGs)...
Persistent link: https://www.econbiz.de/10012497623
Essay One examines the asymmetric information problem between primary insurers and reinsurers in the reinsurance industry and contributes uniquely to the separation of adverse selection from moral hazard, if both are present. A two-period principal-agent model is set up to identify the signals...
Persistent link: https://www.econbiz.de/10009463407
This dissertation includes two essays on adverse selection and moral hazard problems in reinsurance markets. The first essay builds a competitive principal-agent model that considers adverse selection and moral hazard jointly, and characterizes graphically various forms of separating Nash...
Persistent link: https://www.econbiz.de/10009463429
Over the last two decades, bank credit has evolved from the traditional relationship banking model to an originate-to-distribute model where banks can originate loans, earn their fee, and then sell them off to investors who desire such exposures. We show that the borrowers whose loans are sold...
Persistent link: https://www.econbiz.de/10009441128
Theoretical research argues that convertible bonds mitigate the contracting costs of moral hazard, adverse selection, and financial distress. Using firm-specific and macroeconomic factors of the contracting costs, we examine the extent to which they impact the likelihood of issuance and the...
Persistent link: https://www.econbiz.de/10009451082