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Crisis management at cross-roads : challenges facing cross-border financial institutions at the EU level : a joint publication with the Centre for European Policy Studies (CEPS)

Ayadi, Rym (ed.); Lierman, Frank (ed.); Balling, Morten (ed.) - Conference "Crisis Management at Cross-Roads" <2009, …; … - 2010

On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.

Persistent link: https://www.econbiz.de/10011706117

Venture capital financing of innovation races : conference paper

Kovác, Eugen - 2014 - Preliminary and incomplete

This paper analyzes innovation races in a moral hazard setting. I develop a model where two competing entrepreneurs, financed by a single venture capitalist, work independently on the same project. The venture capitalist cannot observe the allocation of funds she provides, which creates a moral...

Persistent link: https://www.econbiz.de/10010481326

An optimal incentive contract to avert firm relocation : conference paper

Pollrich, Martin; Schmidt, Robert C. - 2014 - Preliminary and incomplete version

guarantee that the firm also stays in the future. We investigate situations where contracts between a local regulator and the … undertakes a location-specific investment that is not contractible. When long-term contracts are feasible, the regulator averts …-term contracts are feasible, contracts with positive transfers in the second period cannot be implemented if the firm's investment is …

Persistent link: https://www.econbiz.de/10010482509

Bad mergers revisited : an incentive perspective ; conference paper

Kräkel, Matthias; Müller, Daniel - 2013

We consider a two-stage principal-agent model with limited liability in which a CEO is employed as agent to gather information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that the CEO systematically recommends targets with low...

Persistent link: https://www.econbiz.de/10010340013

Régulation des dépenses de santé et décentralisation des décisions

Mougeot, Michel - In: Revue d'économie politique (1986), pp. 359-383

Persistent link: https://www.econbiz.de/10001016965

Moralizing capitalism : agents, discourses and practices of capitalism and anti-capitalism in the modern age

Berger, Stefan (ed.); Przyrembel, Alexandra (ed.) - Conference "Moralizing Capitalism: Agents, Discourses … - 2019

Persistent link: https://www.econbiz.de/10012104804

Leverage and risk taking under moral hazard : conference paper

Hott, Christian - 2013

This paper examines the impact of implicit guarantees and capital regulations on the behavior of a bank and on the expected losses for its depositors. I show that implicit guarantees increase the incentives of the bank to enhance leverage and/or risk taking and that this leads to higher expected...

Persistent link: https://www.econbiz.de/10010338928

Effort incentives and on-the-job search : an alternative role for efficiency wages in employment contracts ; conference paper

Herbold, Daniel - 2013

We study an infinitely repeated principal-agent relationship with on-the-job search. On-the-job search is modeled as a dimension of the agent's effort vector that has no effect on output, but raises his future outside option. The agent's incentives to search are increasing in the degree to which...

Persistent link: https://www.econbiz.de/10010338954

Wage floors, imperfect performance measures, and optimal job design : conference paper

Kragl, Jenny; Schöttner, Anja - 2013

We analyze the effects of wage floors on optimal job design in a moral-hazard model with asymmetric tasks and imperfect aggregate performance measurement. Due to cost advantages of specialization, assigning the tasks to different agents is efficient. A sufficiently high wage floor, however,...

Persistent link: https://www.econbiz.de/10010339385

Financing innovative firms

Strauß, Hubert (contributor) - 2009

Persistent link: https://www.econbiz.de/10003926074