Similar Search Results

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

Anreize und Privatheit bei modernen Monitoring Technologien: das Beispiel der Kfz-Versicherungsvertr?ge

Filipova-Neumann, Lilia - 2008

information asymmetries concerning individual risk this has positive efficiency effects. Simultaneously with the improvement of … (insurers and consumers) to use the available monitoring technologies and how their decisions affect the efficiency in this … characteristics (adverse selection) or behavior (moral hazard), and the efficiency effects of their decisions. In view of a greater …

Persistent link: https://www.econbiz.de/10009482327

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

Determinants of Convertible Bond Structure;

Krishnaswami, Sudha; Yaman, Devrim - 2005

Theoretical research argues that convertible bonds mitigate the contracting costs of moral hazard, adverseselection, 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/10009468586

Contracting Costs and the Window of Opportunity for Straight Debt Issues;

Krishnaswami, Sudha; Yaman, Devrim - 2005

We analyze whether fluctuation in economy-wide factors cause time-series variation in thecontracting costs of moral hazard, adverse selection, and financial distress, and so create windows ofopportunity for firms to issue debt. Using the announcement period abnormal returns as one measure of...

Persistent link: https://www.econbiz.de/10009468589

Three Essays in Health Insurance Coverage.

Rutledge, Matthew S. - 2010

Obtaining health insurance through an employer pools risk, but may lead to moral hazard, where employees with more coverage seek care valued below cost, and adverse selection, where the unhealthy choose more generous plans, driving up premiums. In the first essay, I model the decision to choose...

Persistent link: https://www.econbiz.de/10009476816

Learning-by-Doing and Contracts in New Agricultural Industries

Choiniere, Conrad Joseph - 2004

The dissertation develops a theoretical model to examine the effects of limited liability contracting on learning-by-doing and capital investment within a new agricultural industry. The theoretical model applies to many new bio-based industries, where novel crops are being used to produce goods,...

Persistent link: https://www.econbiz.de/10009450932

Determinants of Convertible Bond Structure;

Krishnaswami, Sudha; Yaman, Devrim - 2005

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

Contracting Costs and the Window of Opportunity for Straight Debt Issues;

Krishnaswami, Sudha; Yaman, Devrim - 2005

We analyze whether fluctuation in economy-wide factors cause time-series variation in the contracting costs of moral hazard, adverse selection, and financial distress, and so create windows of opportunity for firms to issue debt. Using the announcement period abnormal returns as one measure of...

Persistent link: https://www.econbiz.de/10009451085

Four Essays in Insurance

Sonnenholzner, Michael - 2005

This thesis contains four essays which are all from the broader field of insurance economics. The chapters can be read independently, although there is a certain connection between the articles. Chapter 2, which deals with moral hazard, and chapter 3, which is on oligopolistic models in the...

Persistent link: https://www.econbiz.de/10009451144

1
2
3
4
5
6
7
8
9
10
Next
Last