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The provision of wage incentives : A structural estimation using contracts variation
D'Haultfœuille, Xavier; Février, Philippe - In: Quantitative economics : QE ; journal of the … 11 (2020) 1, pp. 349-397
, we exploit an exogenous change in the contract structure in 2003, the piece rate increasing from 20.2 to 22.9 euros. We …
Persistent link: https://www.econbiz.de/10012202372
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The puzzling evolution of the home bias, information processing and financial openness
Mondria, Jordi; Wu, Thomas - 2007
This paper presents a rational expectations model of asset prices with rationally inattentive investors that, unlike previous papers, explains both the substantial amount of equity wealth invested domestically and the puzzling time series behavior of the home bias - an initial plateau before...
Persistent link: https://www.econbiz.de/10010285303
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A Parametric Curve Analysis for the Risk-Return Tradeoff in an Agency Problem
Huang, Ke-Wei - 2011
This paper proposes a simple analysis for examining an agent's optimal decisions in a principal-agency problem. Unlike the standard approach, the target firm's expected return and risk are modeled as a parametric curve in terms of a critical business decision. A general condition is derived for...
Persistent link: https://www.econbiz.de/10013131545
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Investment Behaviour of Indian Investors : Gender Biasness
Kansal, Priya - 2013
There are number of studies which favor the existence of gender bias in investment patterns. Most of the studies … (Julie R. Agnew, 2005). Some studies also contend that women are less confident about their investment decisions and earn … capacity, risk perception i.e. how they assume risk within different constraints, time horizon for investment, preference for …
Persistent link: https://www.econbiz.de/10013072638
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Estimating Private Equity Market Beta Using Cash Flows : A Cross-Sectional Regression of Fund-Market Paired Internal Rates of Return
Jiang, Yindeng - 2014
We develop a new method to estimate private equity funds' market beta from cash flows. Our methodology extends the widely known public market equivalent calculation to a cross-sectional regression. By simply regressing funds' internal rates of return on their paired market internal rates of...
Persistent link: https://www.econbiz.de/10013054634
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Investors' expectations, management fees and the underperformance of mutual funds
Huesler, Andreas D.; Malevergne, Yannick; Sornette, Didier - 2012
Why do investors keep buying underperforming mutual funds? To address this issue, we develop a one-period principal-agent … Fee ; Mutual Fund ; Asymmetric Information ; Principal-Agent Relationship ; Markup …
Persistent link: https://www.econbiz.de/10009561613
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Optimal use of labor market policies: the role of job search assistance
Wunsch, Conny - 2010
This paper studies the role of job search assistance programs in optimal welfare-to-work programs. The analysis is based on a framework, that allows for endogenous choice of benefit types and levels, wage taxes or subsidies, and activation measures such as monitoring and job search assistance...
Persistent link: https://www.econbiz.de/10010269430
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Delegation in Long-Term Relationships
Schuette, Miriam; Wichardt, Philipp C. - 2012
This paper considers the eff ects of a two-period interaction on the decision of a principal to delegate authority to a potentially biased but better informed agent. Compared to the (repeated) one-period case, the agent's first period actions may also signal his type which in turn impacts wages...
Persistent link: https://www.econbiz.de/10014041476
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Delegation in Long-Term Relationships
Schütte, Miriam; Wichardt, Philipp C. - 2014
This paper considers the effects of a two-period interaction on the decision of a principal to delegate authority to a potentially biased but better informed agent. Compared to the (repeated) one-period case, the agent's first period actions may also signal his type which in turn impacts wages...
Persistent link: https://www.econbiz.de/10014165946
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Optimal Use of Labor Market Policies : The Role of Job Search Assistance
Wunsch, Conny - 2010
This paper studies the role of job search assistance programs in optimal welfare-to-work programs. The analysis is based on a framework, that allows for endogenous choice of benefit types and levels, wage taxes or subsidies, and activation measures such as monitoring and job search assistance...
Persistent link: https://www.econbiz.de/10013147543