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Regulating global externalitites

Heijmans, Roweno; Gerlagh, Reyer - 2019

Persistent link: https://www.econbiz.de/10011955461

Regulatory practices and the impossibility to extract truthful risk information

Leoni, Patrick Lucien - 2006

Persistent link: https://www.econbiz.de/10003389204

Quality policy and consumer behavior

Becker, Tilman - 1997

Persistent link: https://www.econbiz.de/10001328453

Securitization under Asymmetric Information and Risk Retention Requirement

Jeon, Haejun - 2017

due to the regulation, which leads to a downward jump in social welfare. Furthermore, we present various structures of … social welfare with respect to the level of skin in the game, and clarify the necessity of countercyclical regulation by … verifying that the social losses of the current regulation become more severe during recession …

Persistent link: https://www.econbiz.de/10012975104

Optimal risk regulation of monopolists with subjective risk assessment

Kishishita, Daiki; Sato, Susumu - In: Journal of regulatory economics 59 (2021) 3, pp. 251-279

Persistent link: https://www.econbiz.de/10012618652

The optimal regulation of a risky monopoly

Hiriart, Yolande; Thomas, Lionel - In: International journal of industrial organization 51 (2016), pp. 111-136

Persistent link: https://www.econbiz.de/10011747009

Limited liability and the trade-off between risk and incentives

Kräkel, Matthias - 2007

Several empirical findings have challenged the traditional trade-off between risk and incentives. By combining risk aversion and limited liability in a standard principal-agent model the empirical puzzle on the positive relationship between risk and incentives can be explained.

Persistent link: https://www.econbiz.de/10010383029

Tournaments with gaps

Imhof, Lorens; Kräkel, Matthias - 2013

A standard tournament contract specifies only tournament prizes. If agents' performance is measured on a cardinal scale, the principal can complement the tournament contract by a gap which defines the minimum distance by which the best performing agent must beat the second best to receive the...

Persistent link: https://www.econbiz.de/10010198511

Limited liability and the demand for coinsurance by individuals and corporations

Bergesio, Andrea; Koch Medina, Pablo; Munari, Cosimo-Andrea - 2021

Within the context of expected utility and in a discrete loss setting, we provide a complete account of the demand for insurance by strictly-risk averse agents and risk-neutral firms when they enjoy limited liability. When exposed to a bankrupting, binary loss and under actuarially fair prices,...

Persistent link: https://www.econbiz.de/10012614542

Background risk and consumers' demand for insurance under limited liability

Sorek, Gilad; Beard, Thomas Randolph - In: Southern economic journal 90 (2023) 2, pp. 277-290

Persistent link: https://www.econbiz.de/10014438037

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