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Bank-runs und Moral-hazard
Gontermann, Andreas - Wirtschaftswissenschaftliche Fakultät, Universität … - 2003
Im klassischen Modell von Diamond und Dybvig (1983) werden Bank-runs durch sich selbst erfüllende pessimistische Erwartungen der Anleger provoziert. Sie sind damit ein Sonnenflecken-Phänomen. Die spekulativen Runs können u.a. durch eine Einlagenversicherung vermieden werden. Allerdings...
Persistent link: https://www.econbiz.de/10005063023
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Capital Adequacy Requirements and the Bank Lending Channel of Monetary Policy
Gontermann, Andreas - Wirtschaftswissenschaftliche Fakultät, Universität … - 2003
In this paper a modified version of Bernanke and Blinder�s (1988) model of the bank lending channel of monetary policy under asymmetric information is presented. If, aside from reserve requirements, banks have to meet capital adequacy requirements as well, then the results suggested by...
Persistent link: https://www.econbiz.de/10005063024
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On the Possibility of Credit Rationing in the Stiglitz-Weiss Model
Arnold, Lutz G. - Wirtschaftswissenschaftliche Fakultät, Universität … - 2005
Contrary to what is consistently assumed in the literature, the return function cannot be hump-shaped in the Stiglitz-Weiss (1981) model. This has important consequences for the possible occurrence of credit rationing and redlining. With a single class of borrowers, banks offer credit in two...
Persistent link: https://www.econbiz.de/10005063028
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Would you like to be a prosumer? Information revelation, personalization and price discrimination in electronic markets
Morasch, Karl; Bandulet, Martin - Fakultät für Wirtschafts- und … - 2003
Electronic commerce and flexible manufacturing allow personalization of initially standardized products at low cost. Will customers provide the information necessary for personalization? Assuming that a consumer can control the amount of information revealed, we analyze how his decision...
Persistent link: https://www.econbiz.de/10008462102
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Fraud and free riding in tropical forests – on the potential for certification to enforce sustainable resource use indirectly
Lippert, Christian - In: German Journal of Agricultural Economics 58 (2009) 3
Certification schemes for forest products are understood by many as a way to promote sustainable resource use when it is impossible to rely on direct enforcement of process standards. Based on the concept of ‘Self-Enforcing Contracts’, this study develops a market model that simulates the...
Persistent link: https://www.econbiz.de/10011142856
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Why is the Workplace Racially Segregated by Occupation?
Naqvi, Nadeem - Volkswirtschaftliche Fakultät, … - 2012
by economic theory, but “the hypothesis of employer discrimination does not at all explain segregation by occupation … theory foundations, insofar as they impose a utility indicator function as a primitive concept via persuasion, rather than … to discriminate. Economic theory is, therefore, endogenously color-blind, race-blind, gender-blind, ethnicity-blind, and …
Persistent link: https://www.econbiz.de/10011260187
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Selling Procedures with Private Information and Common Values
John H. Lindsey, II; Samuelson, William; Zeckhauser, Richard - In: Management Science 42 (1996) 2, pp. 220-231
The seller posted-price procedure is probably the most common method for making transactions in modern economies. We analyze the performance of posted pricing for transactions having significant common-value elements. In a model of two-sided private information, we characterize the fully...
Persistent link: https://www.econbiz.de/10009218220
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Real Options and Signaling in Strategic Investment Games
Watanabe, Takahiro - Institute of Economic Research, Kyoto University - 2012
A game in which an incumbent and an entrant decide the timings of entries into a new market is investigated. The profit flows involve two uncertain factors: (1) the basic level of the demand of the market observed only by the incumbent and (2) the fluctuation of the profit flow described by a...
Persistent link: https://www.econbiz.de/10009415736
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Sourcing under cost information asymmetry when facing time-sensitive customers
Xu, He; Yao, Nian; Tong, Shilu - In: International Journal of Production Economics 144 (2013) 2, pp. 599-609
We study a supply chain with a manufacturer and two different suppliers. One supplier is a big company abroad, who is prime and offers high quality modules with long lead time. The other supplier is a small local company, taken as the urgent supplier by the manufacturer, who can produce modules...
Persistent link: https://www.econbiz.de/10010869152
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Contracting to Assure Supply: How to Share Demand Forecasts in a Supply Chain
Cachon, Gérard P.; Lariviere, Martin A. - In: Management Science 47 (2001) 5, pp. 629-646
Forecast sharing is studied in a supply chain with a manufacturer that faces stochastic demand for a single product and a supplier that is the sole source for a critical component. The following sequence of events occurs: the manufacturer provides her initial forecast to the supplier along with...
Persistent link: https://www.econbiz.de/10009203778