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Public firm incentives under asymmetric information and prospect of deregulation and privatization

Huric Larsen, J.F. - Volkswirtschaftliche Fakultät, … - 2012

performance and social welfare. From a theoretical point of view poor performance may be due to information asymmetries between … the informed public firm and the relatively uninformed regulator. The point of view in the paper is that the information …

Persistent link: https://www.econbiz.de/10011113845

Refundable Annuities (Annuity Options)

Sheshinski, Eytan - Volkswirtschaftliche Fakultät, … - 2007

creates an active residual annuity market based on the arrival of new information. We characterize the equilibrium in the …

Persistent link: https://www.econbiz.de/10011114494

Gains from Trade under Quality Uncertainty

Dasgupta, Kunal; Mondria, Jordi - University of Toronto, Department of Economics - 2015

market. Exporters use price to signal their quality. It is now well established that in such a model with full information … elasticity of substitution. In contrast, in a model with asymmetric information, we show that within the class of separating … determinants of GFT. We show that the actual GFT under asymmetric information could be almost 2.5 times higher than that measured …

Persistent link: https://www.econbiz.de/10011114764

Corporate social responsibility and the economics of consumer social responsibility

Etilé, Fabrice; Teyssier, Sabrina - In: Review of Agricultural and Environmental Studies - … 94 (2013) 2, pp. 221-259

the information asymmetry between companies and consumers. The economic literature shows that consumer social preferences …

Persistent link: https://www.econbiz.de/10011115530

Financing Innovation with Unobserved Progress

Hu, Zehao - Department of Economics, University of Pennsylvania - 2014

This paper studies the problem of incentivizing an agent in an innovation project when the progress of innovation is known only to the agent. I assume the success of innovation requires an intermediate breakthrough and a final breakthrough, with only the latter being observed by the principal....

Persistent link: https://www.econbiz.de/10011115654

Low-budget policy tool to empower Israeli insureds to demand their rights in the healthcare system

Brammli-Greenberg, Shuli; Waitzberg, Ruth; … - In: Health Policy 118 (2014) 3, pp. 279-284

Since 1995 universal healthcare coverage has been provided in Israel through National Health Insurance (NHI). Although the country has lower rates of health spending than most OECD countries, the NHI Law stipulates that a broad benefits package will be provided by four competing Health Plans...

Persistent link: https://www.econbiz.de/10011116914

Per unit vs. ad valorem royalties under asymmetric information

Heywood, John S.; Li, Jianpei; Ye, Guangliang - In: International Journal of Industrial Organization 37 (2014) C, pp. 38-46

We study an inside patent holder's optimal licensing policy when it has imperfect information about the value of the … information uniquely drives the per unit royalties that otherwise would not be adopted. Per unit royalties always generate higher …

Persistent link: https://www.econbiz.de/10011117295

Procurement and predation: Dynamic sourcing from financially constrained suppliers

Arve, Malin - In: Journal of Public Economics 120 (2014) C, pp. 157-168

This paper studies the relationship between a financially constrained firm and a stronger opponent who is not cash-constrained when these firms repeatedly compete in a procurement context. We characterize and discuss the procurement agency's optimal strategy when faced with such asymmetric...

Persistent link: https://www.econbiz.de/10011117641

An Investigation into the Determinants of Quality of Wines

Marco, Delmastro - In: L'industria (2007) 1, pp. 61-84

Wine is a product characterized by the existence of both significant differences in quality and asymmetric information …

Persistent link: https://www.econbiz.de/10011158108

Individual and Collective Reputation: Lessons from the Wine Market

Stefano, Castriota; Marco, Delmastro - In: L'industria (2010) 1, pp. 149-172

The concept of reputation has been used in every field of economic research, given its capacity to affect the outcome of all economic and financial transactions. The theoretical debate on reputation is very rich, but the mechanisms of reputation building have not been explored enough from the...

Persistent link: https://www.econbiz.de/10011158127