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We analyze the influence of rate regulation on insurance demand in an annuity setting. With a unique dataset containing … a natural experiment due to German federal regulation and the E.U. Gender Directive we study the impact of unisex … guarantees within the annuity in unisex contracts than without rate regulation. This behavior contradicts economic intuition. We …
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Many believe that deliberative democracy, where individuals discuss alternatives before voting on them, should result in collectively superior outcomes because voters become better informed and decisions are justified using reason. These deliberations typically involve a moderator, however,...
Persistent link: https://www.econbiz.de/10011524094
Understanding what determines the extent to which economic agents tell the truth to their regulating authority is of major economic importance, from banking to environmental protection. To this end, we examine truth-telling of German commercial fishermen in an artefactual field experiment. Their...
Persistent link: https://www.econbiz.de/10011561780
a controlled experiment can. We find that decision makers are less likely to make resilience investments in inventories … resilience investments by firms, it must be substantiated by a history of advisory accuracy. However, we find that this effect is …
Persistent link: https://www.econbiz.de/10012899863
A new paradigm is afoot in banking regulation - and it involves a turn toward the more speculative. Previous regulatory …-Frank”) departs from these past regimes, and proposes something new: call it “Regulation by Hypothetical.” Regulation by Hypothetical …. This Article discusses two prominent instances of regulation by hypothetical: stress tests, and living wills. It then …
Persistent link: https://www.econbiz.de/10013034108
government may exert oversight over the SRO itself, a construction referred to as “meta-regulation" or "co-regulation", or … incentives to set lax standards or to cover up detected violations. Nonetheless, some research indicates that meta-regulation … investigations of the SRO members take place, and no meta-regulation of the SRO is necessary.I extend this model to include plausible …
Persistent link: https://www.econbiz.de/10014108484
This paper experimentally studies the role of search cost in duopoly markets where sellers may be able to coordinate pricing decisions. We vary the level of search cost and whether sellers can communicate. While we find that consumers are more likely to invest in search when cost is reduced, we...
Persistent link: https://www.econbiz.de/10011555151
. Similar, but weaker effects are found for the other occupational groups. -- Entrepreneuship ; Regulation ; Firm entry …
Persistent link: https://www.econbiz.de/10009671096