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optimal by focusing on two neglected characteristics of the problem: first, the crucial role of incentives for private sector …
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This paper derives and simulates a compartmental model of the Coronavirus outbreak in which individuals have self-interested reactions to the threat of infection, proportional to the heterogeneous risk of complications that they face. As long as high-risk individuals perceive infection as...
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This paper investigates the incentives for banks to bias their internally generated risk estimates. We are able to …
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This paper investigates the incentives for banks to bias their internally generated risk estimates. We are able to …
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