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Reinsurance Contracting with Adverse Selection and Moral Hazard: Theory and Evidence

Yan, Zhiqiang - 2009

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

Asymmetric Information in Common-Value Auctions and Contests: Theory and Experiments

Rentschler, Lucas Aaren - 2010

theoreticalperspectives As predicted by theory, asymmetric information yields informationrents for the informed bidder in both all …

Persistent link: https://www.econbiz.de/10009465240

Credit market competition, collateral and firm's finance

Jiménez Zambrano, Gabriel; Salas Fumás, Vicente; …

This paper investigates the relationship between credit market competition and the availability of bank credit for firms of unobserved credit quality when firms pledge collateral to secure the loans. Loan data from the Spanish Credit Register shows that the average credit quality of borrowers...

Persistent link: https://www.econbiz.de/10012530121

Climate risk, soft information and credit supply

Álvarez Román, Laura; Mayordomo, Sergio; …

En este trabajo se desarrolla un modelo del impacto del riesgo climático en la oferta crediticia y se evalúan sus predicciones según datos granulares sobre incendios forestales y préstamos corporativos en España. Los hallazgos revelan una disminución significativa del crédito de las...

Persistent link: https://www.econbiz.de/10014502632

Analisis Pengaruh Price Earning Ratio Dan Dividen Tunai Terhadap Harga Saham Perusahaan Di Bursa Efek Indonesia

Indriati, Dwi - 2011

Indonesia Stock Exchange.Using the investment management theory related to stock price, price earnings ratio and dividend. This …

Persistent link: https://www.econbiz.de/10009464527

Distributing the Benefits from the Commons

Silvestre, Joaquim - 1993

"The common-property literature has often focused on the question of efficiency. Here we consider distributional issues instead. How should the benefits of the commons (say, a fishery) be distributed? We approach the question from the viewpoint of ownership rather than income redistribution. "A...

Persistent link: https://www.econbiz.de/10009468330

Foundations for Cooperation in Social Dilemmas

Ahn, Toh-Kyeong - 2001

"Institutional approaches to social dilemmas have so far focused on how to create incentive structures that channel individuals' behavior into socially desirable outcomes assuming that everyone is selfish. However, the presumption of universal selfishness is not only empirically invalid but may...

Persistent link: https://www.econbiz.de/10009468335

Appropriation Externalities in the Commons: Theory and Experimental Evidence

Herr, Andrew - 1996

of the commons.' This dissertation combines the tools of game theory and experimental methods to gain a broader …

Persistent link: https://www.econbiz.de/10009468337

Essays on Individual Behavior in Social Dilemma Environments: An Experimental Analysis

Dudley, Dean - 1993

"In this study, individual level behavior is investigated in the context of computer assisted voluntary contribution mechanism public good (VCM) provision experiments and common pool resource (CPR) appropriation experiments. Previous studies of these environments have concentrated on aggregate...

Persistent link: https://www.econbiz.de/10009468340

Salience and Its Implications for Common-Pool Resource Management in Scotland: A Tragedy of a Different Kind?

Brown, Katrina Myrvang; Slee, Bill - 2002

"In past contributions to CPR theory, the issue of salience/dependence on a resource has been flagged up as a one of a … high. However, cases do exist of CPRs in which this assumption does not hold, and consequently, related theory proves to be … into question the possibility and utility of constructing a coherent CPR meta-theory." …

Persistent link: https://www.econbiz.de/10009468341