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Liability, insurance and the incentive to obtain information about risk

Bajtelsmit, Vickie; Thistle, Paul D. - In: The Geneva risk and insurance review 40 (2015) 2, pp. 171-193

Persistent link: https://www.econbiz.de/10011382162

Crowdfunding, demand uncertainty, and moral hazard : a mechanism design approach

Strausz, Roland - 2015

Crowdfunding challenges the traditional separation between finance and marketing. It creates economic value by reducing demand uncertainty, which enables a better screening of positive NPV projects. Entrepreneurial moral hazard threatens this effect. Using mechanism design, mechanisms are...

Persistent link: https://www.econbiz.de/10011309652

Tournaments with gaps

Imhof, Lorens; Kräkel, Matthias - 2013

performing agent must beat the second best to receive the winner prize. We analyze a tournament with two risk averse agents …

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

Understanding and managing behavioural risks : the case of food risks caused by malpractice in poultry production

Hirschauer, Norbert; Zwoll, Stefan - 2006

The probability that actors in economic relationships break rules increases with the profits they thus expect to earn. It decreases with the probability and level of short- and long-term losses resulting from disclosure. It also decreases with the level of social context factors and intrinsic...

Persistent link: https://www.econbiz.de/10010346444

On the political economy of financial deregulation

Ertürk, Korkut A. - 2016

promised higher profitability partly because of better risk management made possible by advances in information technology and …. Because systemic risk cannot be fully privatized social insurance against it is inevitably a common pool (or open) resource …, which means that there is an incentive for financial units to over-extract in the form of excessive risk taking in the …

Persistent link: https://www.econbiz.de/10011435704

Leverage and risk taking

Moreno-Bromberg, Santiago; Roger, Guillaume - 2015

We study a dynamic contracting problem in which size is relevant. The agent may take on excessive risk to enhance short … curb risk taking. Firms that are less prone to risk taking can afford a higher leverage …

Persistent link: https://www.econbiz.de/10011506338

Do bond investors price tail risk exposures of financial institutions

Chava, Sudheer; Ganduri, Rohan; Yerramilli, Vijay - In: The quarterly journal of finance 11 (2021) 1, pp. 1-43

Persistent link: https://www.econbiz.de/10012649850

STO vs. ICO : a theory of token issues under moral hazard and demand uncertainty

Miglo, Anton - In: Journal of risk and financial management : JRFM 14 (2021) 6, pp. 1-35

This paper considers a financing problem for an innovative firm that is launching a web-based platform. The entrepreneur, on one hand, faces a large degree of demand uncertainty on his product and on the other hand has to deal with incentive problems of professional blockchain participants who...

Persistent link: https://www.econbiz.de/10012587665

Mortgage markets with climate-change risk : evidence from wildfires in California

Issler, Paulo; Stanton, Richard; Vergara-Alert, Carles; … - Fisher Center for Real Estate and Urban Economics … - 2020

This paper studies wildfires in California from 2000 to 2018 using comprehensive merged dataon fires, mortgage and property characteristics, and weather. We find a significant increase in mortgage delinquency and foreclosure after a fire, but these effects decrease in the size of the fire,which...

Persistent link: https://www.econbiz.de/10012496622

Mitigating agency risk between investors and ventures' managers

Bellavitis, Cristiano; Kamuriwo, Dzidziso Samuel; … - In: Journal of general management 43 (2017/2018) 1, pp. 33-43

Persistent link: https://www.econbiz.de/10011912152

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