Showing 1 - 10 of 7,996
Persistent link: https://www.econbiz.de/10004184381
This primer aims to provide IMF macroeconomists with the essential information they need in situations where they must address issues concerning health sector policy and when they have significant macroeconomic implications. Such issues can also affect equity and growth and are fundamental to...
Persistent link: https://www.econbiz.de/10005825737
Persistent link: https://www.econbiz.de/10004882732
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
Coal mining firms used the intermediary organization of labor called the gdormitory system.h In the 1900s, coal mining machinery was not introduced yet, traditional manual skills were dominant and firms usually did not enter the inside of their coal mines. Under these circumstances, firms did...
Persistent link: https://www.econbiz.de/10011211009
also tested and compared with the proposed model. We did not find evidence to support tax theory or to support the … operational argument of transaction cost theory. We find weak evidence to support the liquidity theory, while the asymmetric … information theory was confirmed. A comparison between the agency model proposed and traditional models concluded that the Agency …
Persistent link: https://www.econbiz.de/10005264569
The Great Recession of 2007-09 has had a devastating and long-lasting effect on the US economy. New Institutional Theories (NIT) of finance contend that part of the explanation for the amplification and duration of economic recessions resides in the presence of asymmetric information and market...
Persistent link: https://www.econbiz.de/10010692897
Our review aims to assess theoretical and empirical studies concerning the existence,magnitude and threats of information asymmetry in insurance field. Based on the fact that most ofthe papers examined approached both static and dynamic frameworks, a particular emphasis is puton the testable...
Persistent link: https://www.econbiz.de/10010680415
This article analyzes the incentives and compensation problems faced by cellulosic ethanol producer and logging firms and the consequent impact on the organization of the wood based cellulosic ethanol industry in the US. The success of this relationship is central to setting up the biofuel...
Persistent link: https://www.econbiz.de/10010709556
The theoretical aspects of three generation of financial crisis’ models are analyzed. On the basis of retrospective analysis of these models are determined the main causes than make the economic misbalance more profound and than cause a crisis. Проаналізовано теоретичні...
Persistent link: https://www.econbiz.de/10008927055