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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
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …
Persistent link: https://www.econbiz.de/10009432547
Im Fahrzeugbau und im Verkehrswesen hat die praktische Umsetzung von Ubiquitous Computing Technologien einen hohen Grad erreicht. Unter diesem Begriff ist die Ausstattung unterschiedlicher Gegenst?nde mit Prozessoren und Sensoren zu verstehen, welche in der Lage sind, Daten ?ber ihren eigenen...
Persistent link: https://www.econbiz.de/10009482327
-backed loanschemes play a major role in many countries, by enabling small and medium-sizedenterprises (SMEs) to access credit facilities …. The Credit Guarantee Corporation inMalaysia has been charged with this key role in assisting SMEs, and its main …
Persistent link: https://www.econbiz.de/10009461076
Medicare has recently experienced the largest expansion of benefits since its in- ception: the inclusion of prescription drug coverage under the Medicare Prescription Drug, Improvement and Modernization Act of 2003. The policy debate has mainly focused on estimating the cost of implementing the...
Persistent link: https://www.econbiz.de/10009438528
Over the last two decades, bank credit has evolved from the traditional relationship banking model to an originate … problems, the originate-to-distribute model of bank credit may not entirely be “socially desirable”. We propose regulatory …
Persistent link: https://www.econbiz.de/10009441128
Two complementary sources of information are studied in a multiperiod agency model. One is an accounting source which partially but credibly conveys the agent’s private information through accounting recognition. The other is an unverified communication by the agent (i.e., a self-report). In a...
Persistent link: https://www.econbiz.de/10009441137
Moral hazard is widely reported as a problem in credit and insurance markets, mainly arising from information asymmetry … level data from 99 farm and non-farm credit groups. Results reveal that peer selection, peer monitoring, peer pressure … moral hazard among credit groups. The implications are that Joint Liability Lending institutions will continue to rely on …
Persistent link: https://www.econbiz.de/10009442550
The twin problems of moral hazard and adverse selection are often blamed for the lack of insurance for many fruits and vegetables. This paper develops an alternative method of testing for adverse selection that uses a two-stage approach to determine the effects of technical inefficiency on the...
Persistent link: https://www.econbiz.de/10009442641
Cooperative formation in agriculture sometimes occurs in response to the exit of a private firm and typically requires substantial equity investment by participating farmers. What economic rationale can explain why farmers are willing to contribute capital to an activity that (apparently) fails...
Persistent link: https://www.econbiz.de/10009443081