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Capital market failure, adverse selection and equity financing of higher education
Jacobs, Bas; Wijnbergen, Sweder van - 2005
solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some … students with socia1lyprofitable investments in human capita1 will not invest in educationdue to adverse selection problems in …
Persistent link: https://www.econbiz.de/10011343276
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The blockchain, plums, and lemons : information asymmetries & transparency in decentralized markets
Notheisen, Benedikt; Weinhardt, Christof - 2019
Despite a growing interest, researchers and practitioners still struggle to transfer the blockchain concept introduced by Bitcoin to market-oriented application scenarios. To shed light on the technology's usage in markets with asymmetric information, this study analyzes the effect of the...
Persistent link: https://www.econbiz.de/10011979156
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Government lending as a tool to mitigate the effect of asymmetric information
Park, Sangkyun - In: Public finance review : PFR 51 (2023) 5, pp. 688-715
Persistent link: https://www.econbiz.de/10014368357
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Adverse Selection in Capital Markets with Heterogeneous Risk Preferences and Beliefs
Rivera, Thomas J - 2021
We study the ability of a manager, who seeks outside financing for a new project, to disclose private information about the project's risk. We assume the manager and the outside investor that offers the best financing terms may have heterogeneous and privately known risk preferences...
Persistent link: https://www.econbiz.de/10013224566
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Collateral in credit rationing in markets with asymmetric information
Niinimäki, Juha-Pekka - In: The quarterly review of economics and finance : journal … 68 (2018), pp. 97-102
Persistent link: https://www.econbiz.de/10012034516
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Competitive credit markets with adverse selection and moral hazard : credit rationing and multiple equilibria
Strand, Jon - 1988
Persistent link: https://www.econbiz.de/10000760091
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Financial behavior, confidence, risk preferences and financial literacy of university students
Mudzingiri, Calvin; Muteba Mwamba, John; Keyser, … - In: Cogent economics & finance 6 (2018) 1, pp. 1-25
This study investigates determinants of financial behavior (FB) of university students at a university in South Africa … of university students differ by financial literacy level. Data were gathered via a questionnaire that included personal … and time preferences experiment tasks. A convenient total sample of 191 students (females = 53%) participated in the study …
Persistent link: https://www.econbiz.de/10012023109
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Dynamic asset-backed security design
Ozdenoren, Emre; Yuan, Kathy; Zhang, Shengxing - 2022
Persistent link: https://www.econbiz.de/10013207720
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Capital Market Failure, Adverse Selection and Equity Financing of Higher Education
Jacobs, Bas; van Wijnbergen, Sweder J.G. - 2005
solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some … students with socia1lyprofitable investments in human capita1 will not invest in educationdue to adverse selection problems in …
Persistent link: https://www.econbiz.de/10010325581
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Can Security Design Foster Household Risk-Taking?
Calvet, Laurent E. - 2020
This paper shows that securities with a non-linear payoff design can foster household risk-taking. We demonstrate this effect empirically by exploiting the introduction of capital guarantee products in Sweden from 2002 to 2007. The fast and broad adoption of these products is associated with an...
Persistent link: https://www.econbiz.de/10012847178