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Misperception of Risk and Incentives by Experienced Agents
Goldman, Matt - 2014
, teams should get more risk-loving as they fall further behind, matching prospect theory preferences. When leading, risk …
Persistent link: https://www.econbiz.de/10013054200
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Contracts and Money
Jovanovic, Boyan; Ueda, Masako - 1998
Why are contracts not fully indexed? In a setting in which fully indexed contracts are feasible, we find that when price-level data are gathered with delay, these contracts are not renegotiation-proof. The contracts that replace them entail a lower level of welfare for the parties to that...
Persistent link: https://www.econbiz.de/10014221656
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Minimum Wages and Insurance within the Firm
Adamopoulou, Effrosyni; Manaresi, Francesco; Rachedi, Omar - 2022
Minimum wages alter the allocation of firm-idiosyncratic risk across workers. To establish this result, we focus on Italy, and leverage employer-employee data matched to firm balance sheets and hand-collected wage floors. We find a relatively larger pass-through of firm-specific labor-demand...
Persistent link: https://www.econbiz.de/10014083969
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Intrinsic moral hazard
Ertürk, Korkut A. - 2019
The paper argues that financial deregulation incentivized financial firms to take excessive risks and over-expand because it turned social insurance against systemic risk into a common pool (or open) resource. The increased size and complexity of deregulated financial markets in turn raised the...
Persistent link: https://www.econbiz.de/10011959972
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Uncertainty and the Politics of Employment Protection
Vindigni, Andrea - 2021
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...
Persistent link: https://www.econbiz.de/10013325149
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The role of risk and risk-aversion in adoption of alternative marketing arrangements by the US farmers
Hu, Wu-Yueh - In: Applied economics 47 (2015) 25/27, pp. 2899-2912
Persistent link: https://www.econbiz.de/10010519835
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Mitigation, avoidance, or acceptance? : managing supplier sustainability risk
Hajmohammad, Sara; Vachon, Stephan - In: The journal of supply chain management : a global … 52 (2016) 2, pp. 48-65
Persistent link: https://www.econbiz.de/10011485847
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The dangers of dispersal of responsibilities
Burlea, Adriana Schiopoiu; Remmé, Joop - In: Amfiteatru economic : an economic and business research … 19 (2017) 45, pp. 464-476
Taking into account that it is in the nature of the modern corporat ion that risks are distributed over several agents, we discuss in this paper the organisational behaviour as it results from such dispersal of responsibilities for both the principal and the agent. We explore the hypothesis that...
Persistent link: https://www.econbiz.de/10011795459
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The management of political risk
Giambona, Erasmo; Graham, John R.; Harvey, Campbell R. - In: Journal of international business studies : JIBS ; an … 48 (2017) 4, pp. 523-533
Persistent link: https://www.econbiz.de/10011708606
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Threshold theory : modelling risk attitude
Kasprowicz, Tomasz; Bednorz, Andrzej - In: E-Finanse : finansowy kwartalnik internetowy 13 (2017) 4, pp. 97-109
how the agent’s risk attitude affects his decisions. This “Threshold Theory” framework is based on a real options approach … influence the agent’s risk attitude. The theory’s predictions help to explain many anomalies that the standard expected utility … model cannot. Threshold Theory can also model behavior in contexts such as individual investor decisions, corporate …
Persistent link: https://www.econbiz.de/10011900005