Information problems have a large role to play in insurance markets and the regulations governing these markets were in part designed to take such problems into account. Classification variables are usually the tools used to reduce adverse selection, whereas bonus-malus (or merit-rating) schemes...

This paper analyses multi-period regulation on procurement policies under asymmetric information between the regulator firms.

In this survey we present some of the more significant results in the literature on adverse selection in insurance markets. Sections 1 and 2 introduce the subject and section 3 discusses the monopoly model developed by Stiglitz (1977) for the case of single-period contracts and extended by many...

In this paper, we propose an empirical analysis of the presence of adverse selection in an insurance market. We first present a theroetical model of a market with adverse selection and we introduce different issues related to transaction costs, accident costs, risk aversion and moral hazard. We...

Le but de cette etude etait de developper un outil d'aide a la decision permettant aux enqueteurs des compagnies d'assurance d'etre mieux equipes pour combattre la fraude a l'assurance

We study the interaction between leverage, employment structure and compensation policies within firms.

This paper examines what the Government of Egypt should do, and how best to do it, to respond to a changing world. It introduces a three-component strategy as a framework for coping with the recent trend to globalization. It emphasizes that the government must play a strong role to respond to...

Cette etude dresse un portrait de l'etat de l'air, de la qualite de l'eau et du probleme des dechets solides et des dechets dangereux. Cela donne donc un bon apercu de l'etendue des besoins. De plus, on retrouvera une liste (etablie par le gouvernement malais) des secteurs industriels devant...

This paper investigates the dynamic interrelationship between exchange rate changes and stock market performance in eleven emerging markets and five developed markets. It examines the nature of information transmission across asset classes and countries in order to understand how shocks are...

Le marche de l'equipement laitier a connu un taux de croissance moyen d'environ 6 % par an depuis 1992. En outre, les analystes prevoient que la demande d'equipements pour ferme laitiere augmentera, car les compagnies argentines devront investir davantage pour maintenir leur avantage...