Narrow search
Showing 1 - 10 of 1,412
Cover Image
Multidimensional screening with complementary activities: Regulating a monopolist with unknown cost and unknown preference for empire building
Borges, Ana Pinto; Laussel, Didier; Correia-da-Silva, João - In: Games 4 (2013) 3, pp. 532-560
We study the optimal regulation of a monopolist when intrinsic efficiency (intrinsic cost) and empire building tendency …
Persistent link: https://www.econbiz.de/10010369417
Cover Image
Split-award auctions and supply disruptions
Fugger, Nicolas; Laitenberger, Ulrich - 2020
that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … plays an important role in procurement practice but attracted little attention in the academic analysis of procurement … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In …
Persistent link: https://www.econbiz.de/10012389768
Cover Image
Policy instruments for creating markets for biodiversity: Certification and ecolabing
Nunes, Paulo A. L. D.; Riyanto, Yohanes E. - 2001
This paper provides an economic evaluation of certification and ecolabeling as an important policy instrument for creating markets for biodiversity. In the paper we conclude that the success of a policy instrument for creating markets for biodiversity depends on the nature crucial factors,...
Persistent link: https://www.econbiz.de/10011608834
Cover Image
Transparenz von Riester-Produkten: theoretische Fundierung und Befunde einer Anbieterbefragung
Leinert, Johannes - In: Vierteljahrshefte zur Wirtschaftsforschung 81 (2012) 2, pp. 55-69
explains why the problem of asymmetric information, which disadvantages consumers, needs governmental regulation as the …
Persistent link: https://www.econbiz.de/10010378016
Cover Image
Delegation of Regulation
Kundu, Tapas; Nilssen, Tore - 2017
We develop a model to discuss a government’s incentives to delegate to bureaucrats the regulation of an industry. The …-based regulation policy requires the government to make use of a bureaucracy; this has a bureaucratic cost, as the bureaucracy diverts … implications for when and how a government should delegate its regulation of industry. We find that bureaucratic discretion reduces …
Persistent link: https://www.econbiz.de/10011744895
Cover Image
Board bias, information, and investment efficiency
Gregor, Martin; Michaeli, Beatrice - 2024
We study how interest alignment between CEOs and corporate boards influences investment efficiency and identify a novel force behind the benefit of misaligned preferences. Our model entails a CEO who encounters a project, gathers investment-relevant information, and decides whether or not to...
Persistent link: https://www.econbiz.de/10014577230
Cover Image
Testing the importance of search frictions and matching through a randomized experiment in Jordan
Groh, Matthew; McKenzie, David; Shammout, Nour; … - In: IZA Journal of Labor Economics 4 (2015), pp. 1-20
We test the role of search and matching frictions in explaining the high unemployment of tertiary-educated youth in Jordan through a randomized experiment. Firms and job candidates were provided with a job-matching service based on educational backgrounds and psychometric assessments. Although...
Persistent link: https://www.econbiz.de/10011603337
Cover Image
Intra-generational externalities and inter-generational transfers
Kolmar, Martin; Meier, Volker - 2005
In an environment with asymmetric information the implementation of a first-best efficient Clarke-Groves-Vickrey (D?Aspremont-Gérard-Varet) mechanism may not be feasible if it has to be self-financing. By using intergenerational transfers, the arising budget deficit can generally be covered in...
Persistent link: https://www.econbiz.de/10010261164
Cover Image
Adverse selection in an insurance market with government-guaranteed subsistence levels
Kim, Bum J.; Schlesinger, Harris - 2004
We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that individuals receive the benefit of some type of potential government assistance that guarantees them a minimum level of wealth. For example, this assistance might be some type of...
Persistent link: https://www.econbiz.de/10010261214
Cover Image
Optimum taxation of life annuities
Brunner, Johann K.; Pech, Susanne - 2006
The market for private life annuities is characterised by adverse selection, that is, contracts offer lower than fair payoffs to individuals with low life expectancy. Moreover, life expectancy and income have been found to be positively correlated. The paper shows that a linear tax on annuity...
Persistent link: https://www.econbiz.de/10010261401