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Incentive contracts when agents distort probabilities
Gonzáles-Jiménez, Víctor - 2021
Persistent link: https://www.econbiz.de/10012619644
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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
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Multitasking, multidimensional screening, and moral hazard with risk neutral agents
Basov, Suren; Danilkina, Svetlana - In: The economic record : er 86 (2010), pp. 80-86
Persistent link: https://www.econbiz.de/10008988570
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Repeated moral hazard and contracts with memory : the case of risk-neutrality
Ohlendorf, Susanne; Schmitz, Patrick W. - In: International economic review 53 (2012) 2, pp. 433-452
Persistent link: https://www.econbiz.de/10009672976
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Multitasking, Multidimensional Screening, and Moral Hazard with Risk Neutral Agents
Danilkina, Svetlana; Basov, Suren - 2009
In this paper we consider a model where a risk-neutral principal devises a contract for a risk neutral agent who can … selection situation, even if both parties are risk neutral and private information of the agent is not correlated with the …
Persistent link: https://www.econbiz.de/10014203100
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Incentives for research agents and performance-vested equity-based compensation
Shan, Yaping - 2017
Persistent link: https://www.econbiz.de/10011885990
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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
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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
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Intrinsic moral hazard
Ertürk, Korkut A. - 2019
-expand because it turned social insurance against systemic risk into a common pool (or open) resource. The increased size and …
Persistent link: https://www.econbiz.de/10011959972
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Dynamics of innovation and risk
Biais, Bruno; Rochet, Jean-Charles; Woolley, Paul - In: The review of financial studies 28 (2015) 5, pp. 1353-1380
Persistent link: https://www.econbiz.de/10011338202