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We discuss how to detect the informational content of household decisions among the explanatory variables of econometric models. Two applications to the choice of automobile insurance contracts and the demand for life insurance are provided. We show that the information provided by additional...
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In this paper we show how a shift in a return distribution affects the composition of an optimal portfolio in the case of one riskless asset and two risky assets. We obtain that, in general, such a shift modifies the composition of themutual fund. We also show that the separating conditions...
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In this research, we introduce information structure as a variable to explain differences in salary profiles and rates of separation among firm.
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Dans cet article, nous presentons une revue de la litterature sur l'offre d'assurance non vie. Nous insistons sur le fait qu'un assureur est un intermediaire financier qui reduit les couts de transaction dans l'economie en permettant a des agents de se proteger contre certains risques, tout en...
Persistent link: https://www.econbiz.de/10005618889
This paper presents recent developments of the dynamic traffic simulation model METROPOLIS. This tool is based primarily on the modeling and analysis of information learning and processing by road users. This simulation tool depicts the morning peak commute in large urban areas. Route choice and...
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Focusing on the issue of food safety, the authors consider a framework of repeated purchases where adverse selection from imperfect information on product quality exists. Countries are characterized by their unequal ability to control quality.
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