Showing 1 - 10 of 2,294
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 attention on a system where privately funded health...
Persistent link: https://www.econbiz.de/10010292988
Vertragstheorie - ausgewählte Ansatzpunkte zur Betrugsbekämpfung und insbesondere das Problem der Sanktionierung von ertappten … using existing results of contract theory. …
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
Art und Umfang der Finanzberichterstattung von Unternehmen über ihre kooperativen Aktivitäten sind umstritten - anekdotische Evidenz und rechnungslegungstheoretische Betrachtungen attestieren mitunter eine zu geringe Transparenz. Um diese Kritik einer empirischen Untersuchung zuführen zu...
Persistent link: https://www.econbiz.de/10011871473
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
Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and expost renegotiation....
Persistent link: https://www.econbiz.de/10010316871
Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and ex post...
Persistent link: https://www.econbiz.de/10010282296
of climate negotiations received increasing attention. The main focus has been on the economic and international aspects …
Persistent link: https://www.econbiz.de/10011325025