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Sorting versus screening in decentralized markets with adverse selection
Auster, Sarah; Gottardi, Piero - 2022
, this reduces both the average quality of trade as well as the total level of trade in the economy. The trading losses are …
Persistent link: https://www.econbiz.de/10013337698
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Flexible contracts
Gottardi, Piero; Tallon, Jean-Marc; Ghirardato, Paolo - 2009
Persistent link: https://www.econbiz.de/10003897092
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Managerial hedging and portfolio monitoring
Bisin, Alberto; Gottardi, Piero; Rampini, Adriano - 2007
Persistent link: https://www.econbiz.de/10003912204
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Flexible contracts
Gottardi, Piero; Tallon, Jean-Marc; Ghirardato, Paolo - 2010
'different beliefs' and hence engage in speculative trade, this is never optimal, in contrast with the case where the parties …
Persistent link: https://www.econbiz.de/10003936681
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Flexible contracts
Gottardi, Piero; Tallon, Jean-Marc; Ghirardato, Paolo - 2011
Persistent link: https://www.econbiz.de/10009238663
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Equilibrium corporate finance and intermediation
Bisin, Alberto; Gottardi, Piero; Ruta, Guido - 2014
Persistent link: https://www.econbiz.de/10010383234
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Competing mechanisms in markets for lemons
Auster, Sarah; Gottardi, Piero - 2016
Persistent link: https://www.econbiz.de/10011452701
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Equilibrium corporate finance and intermediation
Bisin, Alberto; Gottardi, Piero; Ruta, Guido - 2014
Persistent link: https://www.econbiz.de/10010394457
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Managerial hedging and portfolio monitoring
Bisin, Alberto; Gottardi, Piero; Rampini, Adriano A. - 2004
Incentive compensation induces correlation between the portfolio of managers and the cash flow of the firms they manage. This correlation exposes managers to risk and hence gives them an incentive to hedge against the poor performance of their firms. We study the agency problem between...
Persistent link: https://www.econbiz.de/10002484311
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Managerial hedging and portfolio monitoring
Bisin, Alberto (contributor); Gottardi, Piero (contributor);  … - 2004
Incentive compensation induces correlation between the portfolio of managers and the cash flow of the firms they manage. This correlation exposes managers to risk and hence gives them an incentive to hedge against the poor performance of their firms. We study the agency problem between...
Persistent link: https://www.econbiz.de/10002521243