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Equality of opportunity, moral hazard and the timing of luck
Lefranc, Arnaud; Trannoy, Alain - 2017
Equality of opportunity is usually defined as a situation where the effect of circumstances on outcome is nullified (compensation principle) and effort is rewarded (reward principle). We propose a new version of the reward principle based on the idea that effort deserves reward for it is costly....
Persistent link: https://www.econbiz.de/10011631558
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Equality of Opportunity, Moral Hazard and the Timing of Luck
Lefranc, Arnaud; Trannoy, Alain - 2017
Equality of opportunity is usually defined as a situation where the effect of circumstances on outcome is nullified (compensation principle) and effort is rewarded (reward principle). We propose a new version of the reward principle based on the idea that effort deserves reward for it is costly....
Persistent link: https://www.econbiz.de/10011653373
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Optimal credit guarantee ratio for Asia
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad - 2016
stable finance. One efficient way to promote SME financing is through credit guarantee schemes, where the government … analysis of factors that determine optimal credit guarantee ratio. The ratio should be able to fulfill the government's goal of … results show that three categories of factors can determine the optimal credit guarantee ratio: (i) government policy, (ii …
Persistent link: https://www.econbiz.de/10011522082
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Differences in the usage of credit guarantees across banks
Tang, Xiuwei; Uchida, Hirofumi - 2020
Persistent link: https://www.econbiz.de/10014366804
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Moral hazard, collateral and liquidity
Acharya, Viral V. (contributor); Viswanathan, S. (contributor) - 2007
Persistent link: https://www.econbiz.de/10003638333
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Moral hazard, collateral and liquidity
Acharya, Viral V.; Viswanathan, S. - 2008
Persistent link: https://www.econbiz.de/10003640583
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Credit contracts and restructuring in transition economies : on the role of bank competition and collateral
Hainz, Christa - 1999
Persistent link: https://www.econbiz.de/10013428296
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A heavy hand or a helping hand? Information provision and citizen preferences for anti-crime policies
Gingerich, Daniel W.; Scartascini, Carlos G. - 2018
Welfarist justifications of democracy presume that citizens have policy preferences that are responsive to pertinent information. Is this accurate? This paper addresses that question by providing a model and empirical test of how citizens' policy preferences respond to information in the arena...
Persistent link: https://www.econbiz.de/10012141938
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A heavy hand or a helping hand? : information provision and citizen preferences for anti-crime policies
Gingerich, Daniel W.; Scartascini, Carlos G. - 2018
Welfarist justifications of democracy presume that citizens have policy preferences that are responsive to pertinent information. Is this accurate? This paper addresses that question by providing a model and empirical test of how citizens' policy preferences respond to information in the arena...
Persistent link: https://www.econbiz.de/10011960886
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Innovation, delegation, and asset price swings
Sato, Yuki - 2015
We propose a dynamic asset-market equilibrium model in which (1) an "innovative" asset with as-yet-unknown average payoff is traded, and (2) investors delegate investment to experts. Experts secretly renege on investors' orders and take on leveraged positions in the asset to manipulate...
Persistent link: https://www.econbiz.de/10011293484