Showing 1 - 10 of 5,301
on existing theories of competition in markets with adverse selection. …
Persistent link: https://www.econbiz.de/10010276700
informational problems. We show that, as a consequence of this trade-off, more intense competition in unregulated segments of the … can lead to a softer merger policy when competition is weaker. …
Persistent link: https://www.econbiz.de/10010358241
competition, and/or the behavioral impacts of competition. Psychologically, a competitive environment alters incentives for ….e., succeeding in a competition is valuable per se. We design an experiment that allows us to disentangle financial and psychological …
Persistent link: https://www.econbiz.de/10013288029
We investigate a market in which experts have a moral hazard problem because they need to invest in costly but unobservable effort to identify consumer problems. Experts have either high or low qualification and can invest either high or low effort in their diagnosis. High skilled experts are...
Persistent link: https://www.econbiz.de/10011687778
on existing theories of competition in markets with adverse selection. …
Persistent link: https://www.econbiz.de/10004976877
have received only limited attention in the research literature. Most of the studies on FinTech-bank interactions conducted …), whereas this paper aims at clarifying when the most likely form of their interaction is cooperation and when competition. To … rationale for cooperation) or substitutable (which gives the rationale for competition) was proposed. This study is a critical …
Persistent link: https://www.econbiz.de/10012800230
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …
Persistent link: https://www.econbiz.de/10010293214
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …
Persistent link: https://www.econbiz.de/10010635587
Contractual execution generates hard information, available to the contracting parties, even when contracts are secretly executed. Building on this simple observation, the paper shows that incomplete contracts can be preferred to complete contracts. This is because (i) execution of incomplete...
Persistent link: https://www.econbiz.de/10004976792
transfer, and their implications for investment, innovation, and product market competition. The model also sheds light on the …
Persistent link: https://www.econbiz.de/10011168896