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Inefficiency and regulation in credence goods markets with altruistic experts
Farukh, Razi; Kerkhof, Anna; Loebbing, Jonas - 2020
We study a credence goods problem - that is, a moral hazard problem with non-contractible outcome - where altruistic experts (the agents) care both about their income and the utility of consumers (the principals). Experts' preferences over income and their consumers' utility are convex, such...
Persistent link: https://www.econbiz.de/10012431181
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What is different about family businesses?
Chami, Ralph - 2001
Persistent link: https://www.econbiz.de/10001596910
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What is Different About Family Businesses?
Chami, Ralph - 2001
Family businesses make up forty percent of the Fortune 500 companies in the US, generate about two-thirds of the German … developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …, and succession, which allow family businesses to thrive and to successfully compete with other businesses …
Persistent link: https://www.econbiz.de/10014399982
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What is Different About Family Businesses?
Chami, Ralph - 2006
Family businesses make up forty percent of the Fortune 500 companies in the US, generate about two-thirds of the German … developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …, and succession, which allow family businesses to thrive and to successfully compete with other businesses …
Persistent link: https://www.econbiz.de/10012782864
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Family labor supply and aggregate saving
Monteiro, Paulo Santos (contributor) - 2008
Persistent link: https://www.econbiz.de/10003866035
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Parental altruism under imperfect information: theory and evidence
Villanueva, Ernesto (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001608374
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Ricardian equivalence under asymmetric information
Smetters, Kent A.; Nishiyama, Shinici - 2009
Persistent link: https://www.econbiz.de/10009354796
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Parental altruism under imperfect information: theory and evidence
Villanueva, Ernesto (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001747516
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Parental Altruism Under Imperfect Information : Theory and Evidence
Villanueva, Ernesto - 2003
Can we reconcile the predictions of the altruism model of the family with the evidence on intervivos transfers in the … US? This paper expands the altruism model by introducing effort of the child and by relaxing the assumption of perfect … information of the parent about the labor market opportunities of the child. First, I solve and simulate a model of altruism under …
Persistent link: https://www.econbiz.de/10014116717
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Optimal risk sharing with ex post private information : rules versus discretion
Dai, Chifeng - In: Southern economic journal 89 (2022) 1, pp. 160-184
Persistent link: https://www.econbiz.de/10013382431