Showing 1 - 10 of 789
Persistent link: https://www.econbiz.de/10003547458
Persistent link: https://www.econbiz.de/10001387843
Recent events involving major insurance companies and insurance brokerage firms highlight substantial incentive problems in commercial and reinsurance markets where intermediation takes place. We show that in markets with informed as well as uninformed consumers and heterogeneous risk profiles...
Persistent link: https://www.econbiz.de/10010442184
In this paper, we analyze the interaction between an incumbent firm's financial contract with abank and its product market decisions in the face of the threat of entry, in a dynamic model.The main results of the paper are: there exists a separating equilibrium with no limit pricing; thelow-cost...
Persistent link: https://www.econbiz.de/10011316901
anonymity in the context of significant information asymmetry. Results indicate that informed traders are less detected, and …
Persistent link: https://www.econbiz.de/10012835135
We show that hedge funds gain an information advantage from their prime broker banks regarding the banks' corporate … high revenue potential for prime broker banks. These informed trades appear to be based on information not just about the … analysts inside the banks are one potential conduit of information transfer …
Persistent link: https://www.econbiz.de/10012901619
If an intermediary offers sellers a platform to reach consumers, he may face the following hold-up problem: sellers suspect the intermediary will enter their respective product market as a merchant after they have sunk fixed costs of entry. Therefore, fearing that their investments cannot be...
Persistent link: https://www.econbiz.de/10010294746
We study a two-sided market where a platform attracts firms selling differentiated products and buyers interested in those products. In the unique subgame perfect equilibrium of the game, the platform fully internalizes the network externalities present in the market and firms and consumers all...
Persistent link: https://www.econbiz.de/10010275870
Persistent link: https://www.econbiz.de/10000547461
Persistent link: https://www.econbiz.de/10000907330