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Herding with and without payoff externalities : an internet experiment
Drehman, Mathias; Oechssler, Joerg; Roider, Andreas - 2005
Most real world situations that are susceptible to herding are also characterized by direct payoff externalities. Yet, the bulk of the theoretical and experimental literature on herding has focused on pure informational externalities. In this paper we experi- mentally investigate the effects of...
Persistent link: https://www.econbiz.de/10003380747
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Finance and economic growth in OECD and G20 countries
Cournède, Boris; Denk, Oliver - 2015
This paper shows that finance has been a key ingredient of long-term economic growth in OECD and G20 countries over the past half-century, but that there can be too much finance. The evidence indicates that at current levels of household and business credit further expansion slows rather than...
Persistent link: https://www.econbiz.de/10011399476
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Promoting SME development in Indonesia
Mourougane, Annabelle - 2012
Micro, small and medium-sized firms (MSMEs) are a key source of employment and economic growth in Indonesia. They contributed to the country’s economic resilience during the 2008-09 financial crisis. But many suffer from low productivity, curbing their role in boosting living standards. There...
Persistent link: https://www.econbiz.de/10009690880
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Reforms for sustainable productivity growth in Ireland
Jin, Yosuke; Westmore, Ben - 2018
The Irish economy has experienced a decline in productivity growth over the past decade. This has mostly reflected the poor performance of local firms, with the large productivity gap between foreign-owned and local enterprises having widened. Given the mobility of foreign-owned firms, achieving...
Persistent link: https://www.econbiz.de/10011914268
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Liquidity shortfalls during the COVID-19 outbreak : assessment and policy responses
Demmou, Lilas; Franco, Guido; Calligaris, Sara; … - 2020
crisis. In particular, it evaluates the extent to which firms may run into a liquidity crisis following the COVID-19 outbreak … face liquidity shortfalls after 10 months since the implementation of confinement measures. Comparing the impact of … relieve wage bills is the most effective tool to reduce liquidity shortages, followed by debt moratorium policies. Finally …
Persistent link: https://www.econbiz.de/10012421252
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Multiple risks and asymmetric information
Koehl, Pierre-François; Villeneuve, Bertrand - 1996
Persistent link: https://www.econbiz.de/10000952932
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Testing for asymmetric information in insurance markets
Chiappori, Pierre-André; Salanié, Bernard - 1997
Persistent link: https://www.econbiz.de/10000963448
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Task difficulty, performance measure characteristics and the trade-off between insurance and well-allocated effort
Schnedler, Wendelin - 2006
When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity (congruity,...
Persistent link: https://www.econbiz.de/10003379118
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Division of labour and directed production
Ratto, Marisa; Schnedler, Wendelin - 2005
We examine a situation where efforts on different tasks positively affect production but are not separately verifiable and where the manager (principal) and the worker (agent) have different ideas about how production should be carried out: agents prefer a less efficient way of production. We...
Persistent link: https://www.econbiz.de/10003114944
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Asymmetric information in the market for yield and revenue insurance products
Makki, Shiva; Somwaru, Agapi - 2001
Persistent link: https://www.econbiz.de/10001642343