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dynamic contracts. An unconditional dynamiccontract has insurance companies offeringcontracts where the terms of the contract …We take a dynamic perspective on insurance markets under adverseselection and study a generalized Rothschildand … depend on time, but not onthe occurrence of past accidents. Conditionaldynamic contracts make the actual contract also depend …
Persistent link: https://www.econbiz.de/10010324841
optimal insurance contract he derives underestimates the relevance of the non-negativity constraint on indemnities. This paper …) shows that this constraint might well bind: insured could get higher expected utility if insurance contracts would allow …
Persistent link: https://www.econbiz.de/10010315496
The paper develops a sociological approach for understanding the role of expectations in collective action. It argues that an approach based on expectations is better suited to explain collective action in episodes of social change than existing sociological theories. Two case studies - one on...
Persistent link: https://www.econbiz.de/10011904701
Die Etablierung des Westlichen Maiswurzelbohrers (Diabrotica virgifera virgifera) stellt eine zentrale Herausforderung für die österreichische Maisproduktion dar. Eine aktive Regulierung ist unerlässlich, um weitere Schäden zu verhindern bzw. zu reduzieren. Die Umsetzung bzw. Nicht-Umsetzung...
Persistent link: https://www.econbiz.de/10012549422
We develop a test for adverse selection and use it to examine private health insurance markets. In contrast to earlier … papers that consider a purely private system or a system in which private insurance supplements a public system, we focus our … insurance under both symmetric information and adverse selection. These predictions constitute the basis for our adverse …
Persistent link: https://www.econbiz.de/10010292988
Vertragstheorie - ausgewählte Ansatzpunkte zur Betrugsbekämpfung und insbesondere das Problem der Sanktionierung von ertappten …Fraudulent claims are a well-known phenomenon and a serious problem in some insurance markets. The purpose of this … paper is twofold. First of all, it explains why insurance fraud can be considered as a contractual problem. Consequently …
Persistent link: https://www.econbiz.de/10010307648
We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal and agent are populated by human subjects, allowing us to test predictions for both incentive responses and optimal tournament design. Consistent with theory, we observed an...
Persistent link: https://www.econbiz.de/10010282234
The present paper is a first attempt to develop a theoretical model using a short-term vis-à-vis long-term contract … model presented in this paper, donor countries balance these two contract schemes to determine the endorsement or rejection … empirical analysis shows the payoffs and relative advantages of these two contract schemes. …
Persistent link: https://www.econbiz.de/10010284734
incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …
Persistent link: https://www.econbiz.de/10010267674
Consider a contract between two players, describing the payment an agent obtains from the principal, in exchange for a … good or service supplied. At each point in time, either player may unilaterally demand a renegotiation of the contract …, involving renegotiation costs for both players. Players’ payoffs from trade under the contract, as well as from a renegotiated …
Persistent link: https://www.econbiz.de/10010284487