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Baharlou, Kusha - 2011

This thesis examines the U.S. Department of Justice leniency program setup involving both corporate and individual … leniency. Specifically, the interaction between corporate and individual leniency programs in concurrent operation, the design … of optimal leniency program structure toelicit corporate leniency applications and the behaviour of economic agents …

Persistent link: https://www.econbiz.de/10009480106

Taxation and Evasion in the Presence of Extortion byOrganized Crime

Alexeev, Michael; Janeba, Eckhard; Osborne, Stefan - 1999

In pursuit of its transition from a command to a market economy, post-Soviet Russia has witnessed enormous regional differences in economic growth rates. Moreover, the economic reforms implemented under this transition, while initiated at the federal level, have also differed markedly across...

Persistent link: https://www.econbiz.de/10009477072

Internet Exchanges for Used Goods: An Empirical Analysis of TradePatterns and Adverse Selection

Ghose, Anindya - 2008

The past few years have witnessed the increasing ubiquity ofuser-generated content on seller reputation and product condition inInternet based used-good markets. Recent theoretical models of tradingand sorting in used-good markets provide testable predictions to use toexamine the presence of...

Persistent link: https://www.econbiz.de/10009435037

Nonlinear Pricing of Information Goods

Sundararajan, Arun - 2004

This paper analyzes optimal pricing for information goods underincomplete information, when both unlimited-usage (fixed-fee) pricingand usage-based pricing are feasible and administering usage-basedpricing may involve transaction costs. It is shown that offeringfixed-fee pricing in addition to a...

Persistent link: https://www.econbiz.de/10009435049

Essays in Retirement Security

Fong, Hungyee - 2011

The first chapter “Investment Patterns in Singapore’s Central Provident Fund System” investigates how plan participants in a national defined contribution system invest their pension accumulations. I find that only a small fraction of participants elects to invest in outside investment...

Persistent link: https://www.econbiz.de/10009438769

THE EFFECT OF ETFS ON STOCK LIQUIDITY

Hamm, Sophia J. W. - 2010

This paper investigates the effect of the introduction of exchange-traded funds (ETFs) on the liquidity of individual stocks. Prior analytical studies suggest that uninformed investors strictly prefer trading ETFs to trading individual stocks in order to avoid trading against informed investors....

Persistent link: https://www.econbiz.de/10009439204

Moral Hazard and Adverse Selection in the Originate-to-Distribute Model of Bank Credit

Berndt, Antje; Gupta, Anurag - 2008

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

Estimating a Dynamic Adverse-Selection Model: Labor-Force Experience and the Changing Gender Earnings Gap 1968-97.

Gayle, George-Levi; Golan, Limor - 2010

This paper formulates and estimates a dynamic model of labor supply, occupational sorting, human capital accumulation and discrimination to explain the narrowing gender earnings gap from 1968 to 1993. The paper proves the model is identified and develops a three-step estimation technique....

Persistent link: https://www.econbiz.de/10009441289

Optimale Vertragsdifferenzierung in der Agrarumweltpolitik

Glebe, Thilo W. - 2006

This article deals with the optimal differentiation of agri-environmental contracts based on a self-selection mechanism. The paper demonstrates that both economic efficiency and effectiveness of public expenditures can be increased, if a menu of combinations of farming practices and payments are...

Persistent link: https://www.econbiz.de/10009443669

Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment

Karlan, Dean S.; Zinman, Jonathan - 2005

Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...

Persistent link: https://www.econbiz.de/10009444170