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Competitive Insurance Markets and Adverse Selection in the Lab
Riahi, Dorra - 2010
We provide an experimental analysis of competitive insurance markets with adverse selection. Our parameterized version of the lemons' model (Akerlof 1970) in the insurance context predicts total crowding out of low-risks when insurers offer a single full insurance contract. The therapy proposed...
Persistent link: https://www.econbiz.de/10013137823
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Competition and Price Transparency in the Market for Lemons : Experimental Evidence
Bochet, Olivier - 2020
design an experiment to examine the impact of competition and price transparency in such settings. Consistent with the … theoretical predictions, we find that competition promotes efficiency if bargainers cannot observe each other's price offers …. Contrary to the predictions, however, the efficiency-enhancing effect of competition persists even when offers are observable …
Persistent link: https://www.econbiz.de/10012854487
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The effect of group identity on hiring decisions with incomplete information
Casoria, Fortuna; Reuben, Ernesto; Rott, Christina - 2020
We investigate the effects of group identity on hiring decisions with adverse selection problems. We run a laboratory experiment in which employers cannot observe a worker's ability nor verify the veracity of the ability the worker claims to have. We evaluate whether sharing an identity results...
Persistent link: https://www.econbiz.de/10012316056
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Input versus output taxation in an experimental international economy
Riedl, Arno; Winden, Frans A. A. M. van - 2003
This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a relatively small 'home' country and a large 'foreign' country. It compares the economic performance of two alternative tax systems as a means to finance unemployment benefits: a...
Persistent link: https://www.econbiz.de/10011333884
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Self-selection and the efficiency of tournaments
Eriksson, Tor (contributor); Teyssier, Sabrina (contributor) - 2006
When exogenously imposed, rank-order tournaments have incentive properties but their overall efficiency is reduced by a high variance in performance (Bull, Schotter, and Weigelt 1987). However, since the efficiency of performance-related pay is attributable both to its incentive effect and to...
Persistent link: https://www.econbiz.de/10003283430
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Self-selection and the efficiency of tournaments
Eriksson, Tor; Teyssier, Sabrina; Villeval, Marie-Claire - In: Economic inquiry : journal of the Western Economic … 47 (2009) 3, pp. 530-548
Persistent link: https://www.econbiz.de/10003876116
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(Non-)insurance markets, loss size manipulation and competition : experimental evidence
Hinloopen, Jeroen; Soetevent, Adriaan R. - 2016
defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … power have incentives to create insurance markets. Insurer competition will push their profits to zero but markets do not … our theory and find support. Monopolistic insurer-subjects in non-insurance markets increase loss sizes to establish …
Persistent link: https://www.econbiz.de/10011456744
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Marketmaking in the laboratory : does competition matter?
Krahnen, Jan Pieter; Weber, Martin - In: Experimental economics : a journal of the Economic … 4 (2001) 1, pp. 55-85
Persistent link: https://www.econbiz.de/10001603228
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Marketmaking in the laboratory: does competition matter?
Krahnen, Jan Pieter - 1997
Persistent link: https://www.econbiz.de/10000974643
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(Non-)Insurance Markets, Loss Size Manipulation and Competition - Experimental Evidence
Hinloopen, Jeroen - 2018
defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … power have incentives to create insurance markets. Insurer competition will push their profits to zero but markets do not … our theory and find support. Monopolistic insurer-subjects in non-insurance markets increase loss sizes to establish …
Persistent link: https://www.econbiz.de/10012936210