Similar Search Results

The Overlooked Systemic Impact of the Right to Be Forgotten : Lessons from Adverse Selection, Moral Hazard, and Ban the Box

Yoo, Christopher S. - 2022

The right to be forgotten, which began as a part of European law, has found increasing acceptance in state privacy statutes recently enacted in the U.S. Commentators have largely analyzed the right to be forgotten as a clash between the privacy interests of data subjects and the free speech...

Persistent link: https://www.econbiz.de/10014082989

Chapter 5. Insurance and Insurance Markets

Dionne, Georges; Harrington, Scott E. - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 203-261). 2014

beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …

Persistent link: https://www.econbiz.de/10014025527

Does private information affect the insurance risk? Evidence from the automobile insurance market.

Arvidsson, Sara - Transportekonomi, Väg- och Transportforskninginstitut (VTI) - 2010

automobile insurance coverage and ex post risk. It combines insurance company information with the policyholders’ private … information on risky traffic behavior (traffic violations) that is not accessible to the insurance company. It is demonstrated … insurance market. A positive significant correlation for three out of ten groups of new policyholders is found, consistent with …

Persistent link: https://www.econbiz.de/10008496950

Venture capital, double-sided adverse selection, and double-sided moral hazard

Houben, Eike - 2002 - First Version: March 2002, this Version: December 2002

The paper offers a new explanation for the widely observed use of redeemable and convertible preferred stock in venture capital finance. Redeemable and convertible preferred stocks can be used to endogenously allocate cash flow and control rights as a function of the state of nature, the...

Persistent link: https://www.econbiz.de/10011281511

Efficient promotion of renewable energy with reverse auctions

Schäfer, Sebastian; Schulten, Lisa - 2015

Despite negative experiences with auctioning off subsidies for renewable energy in some countries, tenders are increasingly used today. We develop a reverse auction which accounts for particularities of intermittent renewable energy sources. Determining the quantity, demanded by the regulator,...

Persistent link: https://www.econbiz.de/10011286401

Optimal delegated search with adverse selection and moral hazard

Ulbricht, Robert - 2014

The paper studies a model of delegated search. The distribution of search revenues is unknown to the principal and has to be elicited from the agent in order to design the optimal search policy. At the same time, the search process is unobservable, requiring search to be self-enforcing. The two...

Persistent link: https://www.econbiz.de/10010358239

Dynamic managerial compensation : on the optimality of seniority-based schemes

Garrett, Daniel F.; Pavan, Alessandro - 2014

We study the optimal dynamics of incentives for a manager whose ability to generate cash .ows changes stochastically with time and is his private information. We show that, in general, the power of incentives (or "pay for performance") may either increase or decrease with tenure. However, risk...

Persistent link: https://www.econbiz.de/10010476876

The multi-faceted concept of transparency

Forssbæck, Jens; Oxelheim, Lars - 2014

Transparency has become a catchword and in the economic-political debate is often seen as a universal remedy for all sorts of problems. In this paper, we analyze and discuss the meaning and use of the concept of transparency in economic research. We look for common denominators across different...

Persistent link: https://www.econbiz.de/10010393290

When trust fades... : can optimal mechanisms for policy decisions always be designed?

Major, Iván - 2013

Governments must usually take policy decisions with an imperfect knowledge of the economic actors' type or the actors' effort level. These issues are addressed within the framework of classic adverse selection or moral hazard models. I discuss in this paper how would the government’s and the...

Persistent link: https://www.econbiz.de/10010211955

Asymmetric information and the securitization of SME loans

Albertazzi, Ugo; Bottero, Margherita; Gambacorta, Leonardo - 2021

Using all loans granted to firms recorded in the Italian credit register, we estimate correlations between risk-transfer and default probabilities to gauge the severity of informational asymmetries in the loan securitization market. First, the analysis confirms the presence of information...

Persistent link: https://www.econbiz.de/10012487672

1
2
3
4
5
6
7
8
9
10
Next
Last