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Financial constraints and moral hazard : the case of franchising

Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013

Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...

Persistent link: https://www.econbiz.de/10010202908

Financial constraints and moral hazard : the case of franchising

Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2016

Financial constraints are considered an important impediment to growth for small businesses. We study theoretically and empirically the relationship between the financial constraints of agents and the organizational decisions and growth of principals, in the context of franchising. We find that...

Persistent link: https://www.econbiz.de/10011491589

Financial Constraints and Moral Hazard : The Case of Franchising

Fan, Ying - 2013

Persistent link: https://www.econbiz.de/10013073632

Black Boxes and Market Efficiency : A First Estimate in the Italian Motor-Vehicle Insurance Market

Magazzino, Cosimo - 2020

The paper addresses the research question of whether black boxes affect the market efficiency, particularly by reducing the level of premiums. The case analyzed is the Italian motor-vehicle insurance market, characterized by the greatest amount of black boxes in the world as a consequence of...

Persistent link: https://www.econbiz.de/10012831620

Cross-Industry Consequences of Terrorism

Meyer, Kevin L. - 2011

Given the growing importance of terrorism in today's world, it is essential to understand its impact on the global … various financial indices to assess the impact of the amount of fatal and non-fatal terrorism-related daily casualties and the … suffer from terrorism (-25 percent cumulated loss for TA100). Industries dependent on domestic demand tend to react stronger …

Persistent link: https://www.econbiz.de/10013132262

(M)oral hazard?

Grönqvist, Erik (contributor) - 2006

Would you go to the dentist more often if it were free? Observational data is here used to analyze the impact of full-coverage insurance on dental care utilization using different identification strategies. The challenge of assessing the bite of moral hazard without an experimental study design...

Persistent link: https://www.econbiz.de/10003393203

Demand and selection effects in supplemental health insurance in Germany

Lange, Renate; Schiller, Jörg; Steinorth, Petra - 2015

This paper empirically assesses the selection effects and determinants of the demand for supple-mental health insurance that covers hospital and dental benefits in Germany. Our representative dataset provides doctor-diagnosed indicators of the individual's health status, risk attitude, demand...

Persistent link: https://www.econbiz.de/10010526377

Agent and broker intermediaries in insurance markets : an empirical analysis of market outcomes

Eckardt, Martina - 2002

Insurance markets are characterized by profound market imperfections. Insurance intermediaries reduce transaction costs and information asymmetries. From transaction cost economics, agency theory, and law and economics literature the hypothesis is derived that insurance brokers may provide more...

Persistent link: https://www.econbiz.de/10011540096

Asymmetric Information in the Market for Automotive Insurance : Evidence from Germany

Spindler, Martin - 2012

Asymmetric information is an important phenomenon in insurance markets, but the empirical evidence on the extent of adverse selection and moral hazard is mixed. Because of its implications for pricing, contract design, and regulation, it is crucial to test for asymmetric information in specific...

Persistent link: https://www.econbiz.de/10013100448

Asymmetric Information in Automobile Insurance : Evidence from Driving Behavior

Kremslehner, Daniela - 2016

Based on a unique data set of driving behavior we find direct evidence that private information has significant effects on contract choice and risk in automobile insurance. The number of car rides and the relative distance driven on weekends are significant risk factors. While the number of car...

Persistent link: https://www.econbiz.de/10013008136

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