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Solomonic separation: Risk decisions as productivity indicators

Miller, Nolan; Wagner, Alexander; Zeckhauser, Richard - In: Journal of Risk and Uncertainty 46 (2013) 3, pp. 265-297

A principal provides budgets to agents (e.g., divisions of a firm or the principal’s children) whose expenditures provide her benefits, either materially or because of altruism. Only agents know their potential to generate benefits. We prove that if the more “productive” agents are also...

Persistent link: https://www.econbiz.de/10010987804

Alas, my home is my castle: On the cost of house ownership as a screening device

Arnold, Lutz G.; Babl, Andreas - In: Journal of Urban Economics 81 (2014) C, pp. 57-64

This paper analyzes a model in which housing tenure choice serves as a means of screening households with different … acts as a screening device: consistent with empirical evidence, low-utilization households buy a house, while high …-utilization types rent. Otherwise, there is a pooling equilibrium. The reason why, contrary to standard screening models, a pooling …

Persistent link: https://www.econbiz.de/10010777030

Incentives to Issue Low-Quality Securitized Products in the OTD Business Model

Hattori, Masazumi; Ohashi, Kazuhiko - Institute for Monetary and Economic Studies, Bank of Japan - 2009

We consider an economy in which a lender finances loans to borrowers by issuing a securitized product to investors and in which the credit quality of the product can depend on whether the lender screens borrowers. In the presence of asymmetric information between the lender and investors...

Persistent link: https://www.econbiz.de/10008471748

The good, the bad and the ugly: agent behavior and efficiency in open and closed organizations

Holthausen, Duncan; Tsoulouhas, Theofanis - In: Economic Theory 35 (2008) 1, pp. 73-97

Persistent link: https://www.econbiz.de/10005155446

Screening of possibly incompetent agents

Baranchuk, Nina; Dybvig, Philip H. - In: Economics letters 135 (2015), pp. 15-18

Persistent link: https://www.econbiz.de/10011434762

Green lemons : environmental labels and entry into an environmentally differentiated market under asymmetric information

Kuhn, Michael - 1999

as screening device, to increase green supply and curb pooling. Perverse reactions entail decreasing green supply …

Persistent link: https://www.econbiz.de/10011540478

Adverse selection without single crossing : monotone solutions

Schottmüller, Christoph - In: Journal of economic theory 158 (2015), pp. 127-164

Persistent link: https://www.econbiz.de/10011548631

The role of banks as producers of information : can it survive competition and cross-selling incentives?

Cosci, Stefania; Meliciani, Valentina; Sabato, Valentina - In: Review of economics & finance 5 (2015) 4, pp. 60-77

Persistent link: https://www.econbiz.de/10011411191

Health information and well-being : evidence from an asymptomatic disease

Dahlberg, Matz; Mani, Kevin; Öhman, Mattias; … - 2016

data from a screening program for an asymptomatic disease, abdominal aortic aneurysm (AAA). The information provided to the …

Persistent link: https://www.econbiz.de/10011416158

Incentive schemes, private information and the double-edged role of competition for agents

Bannier, Christina E.; Feess, Eberhard; Packham, Natalie; … - 2016

This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a setting with moral hazard and risk-averse agents, who have private information on their productivity. Two vertically differentiated firms compete for agents by offering contracts...

Persistent link: https://www.econbiz.de/10011498942

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