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The lemon market of insolvency proceedings in Spain in the new normal : information, asymmetry, and adverse selection problems
Olabarrieta, Unai; San-Jose, Leire; Araujo, Andrés - In: Cogent business & management 10 (2023) 3, pp. 1-16
framework for corporate insolvency resolution are constantly changing to enhance the efficiency of such mechanisms. This pursuit … contrasts with the lack of specific efficiency data available to both legislators and researchers, there are no solid statistics … to investigate the phenomenon from the perspective of its efficiency, which makes it impossible in practice to …
Persistent link: https://www.econbiz.de/10014505998
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Observing unobservables : identifying information asymmetries with a consumer credit field experiment
Karlan, Dean; Zinman, Jonathan - 2005
Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...
Persistent link: https://www.econbiz.de/10011610980
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Experimental identification of asymmetric information : evidence on crop insurance in the Philippines
Snaebjorn Gunnsteinsson - In: Journal of development economics 144 (2020)
Persistent link: https://www.econbiz.de/10012237193
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Selection, Leverage, and Default in the Mortgage Market
Gupta, Arpit - 2020
We ask whether the correlation between mortgage leverage and default is due to moral hazard (the causal effect of leverage) or adverse selection (ex-ante risky borrowers choosing larger loans). We separate these information asymmetries using a natural experiment resulting from (i) the unique...
Persistent link: https://www.econbiz.de/10012850423
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Selection, leverage, and default in the mortgage market
Gupta, Arpit; Hansman, Christopher - In: The review of financial studies 35 (2022) 2, pp. 720-770
Persistent link: https://www.econbiz.de/10012878975
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The optimal regulation of a risky monopoly
Hiriart, Yolande; Thomas, Lionel - In: International journal of industrial organization 51 (2016), pp. 111-136
Persistent link: https://www.econbiz.de/10011747009
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When lack of accountability allows observing unobservables : moral hazard in sub-national government credit markets in Mexico
Hernández Trillo, Fausto - In: Applied economics letters 25 (2018) 5, pp. 326-330
Persistent link: https://www.econbiz.de/10011854498
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Testing for asymmetric information in reinsurance markets
Yan, Zhiqiang; Hong, Liang - In: The Geneva papers on risk and insurance - issues and … 40 (2015) 1, pp. 29-46
Persistent link: https://www.econbiz.de/10011280105
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Asymmetric information in life insurance : difference between whole life and term life
Yamamoto, Shin'ichi; Yoneyama, Takau; Kwon, W. Jean - In: Hitotsubashi journal of commerce & management 48 (2014) 1, pp. 99-117
Persistent link: https://www.econbiz.de/10011286175
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Market transparency, adverse selection, and moral hazard
Klein, Tobias J.; Lambertz, Christian; Stahl, Konrad - 2013
We study the effects of improvements in market transparency on eBay on seller exit and continuing sellers' behavior. An improvement in market transparency by reducing strategic bias in buyer ratings led to a significant increase in buyer valuation especially of sellers rated poorly prior to the...
Persistent link: https://www.econbiz.de/10010227243