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We examine how organizations of different types – public, non-profit and for-profit – engage in consumer-benefiting misconduct (CBM) by examining which patients benefit from hospitals of the three types gaming the market for liver transplants. Consistent with our theory, we find that public...
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ownership affects the quality of private psychiatric hospital care. A quality deviation function and a frontier cost function …
Persistent link: https://www.econbiz.de/10014108441
We analyze the doping behavior of heterogeneous athletes in an environment of private information. In a n-player strategic game, modeled as an all-pay auction, each athlete has private information about his actual physical ability and choses the amount of performance-enhancing drugs. The use of...
Persistent link: https://www.econbiz.de/10009772194
This paper applies direct tests for adverse selection and moral hazard in the market for child care. A unique data set containing quality measures of various characteristics of child care provided by 746 rooms in 400 centers, as well as the evaluation of the same attributes by 3,490 affiliated...
Persistent link: https://www.econbiz.de/10014131088
Rarely, if ever, do parties contemplating a joint project commit resources without engaging in non-binding discussions on who does what. Here we argue that such noncommittal discussions may be essential to complete a joint project. We make this point by identifying an interesting class of...
Persistent link: https://www.econbiz.de/10014030120
This analysis introduces a theoretical framework for assessing the empirical discussion of asymmetric information amongst mortgage lenders and adds the idea of lender competition into this framework. Despite this addition, the results are generally consistent with existing empirical findings...
Persistent link: https://www.econbiz.de/10013027213
In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature almost exclusively looks at buyers in such combined mechanisms, the current paper summarizes results from the sellers' point of view. Buy-It-Now auctions are complex mechanisms...
Persistent link: https://www.econbiz.de/10014477420
It is argued that drug consumption, most commonly alcohol drinking, can be a technology to give up some control over one's actions and words. It can be employed by trustworthy players to reveal their type. Similarly alcohol can function as a social lubricant and faciliate type revelation in...
Persistent link: https://www.econbiz.de/10010271394
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