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Optimal social insurance and rising labor market risk

Krebs, Tom; Scheffel, Martin - 2019

This paper analyzes the optimal response of the social insurance system to a rise in labor market risk. To this end, we … develop a tractable macroeconomic model with risk-free physical capital, risky human capital (labor market risk) and … (human capital) risk increases social welfare if the government adjusts the tax-and-transfer system optimally. Finally, we …

Persistent link: https://www.econbiz.de/10011977744

Mitigating agency risk between investors and ventures' managers

Bellavitis, Cristiano; Kamuriwo, Dzidziso Samuel; … - In: Journal of general management 43 (2017/2018) 1, pp. 33-43

Persistent link: https://www.econbiz.de/10011912152

Do climate engineering experts display moral-hazard behaviour?

Merk, Christine; Pönitzsch, Gert; Rehdanz, Katrin - 2018

Discourse analyses and expert interviews about climate engineering (CE) report high levels of reflectivity about the technologies' risks and challenges, implying that CE experts are unlikely to display moral hazard behaviour, i.e. a reduced focus on mitigation. This has, however, not been...

Persistent link: https://www.econbiz.de/10011900912

The optimal contract under adverse selection in a moral-hazard model with a risk-averse agent

Maréchal, François; Thomas, Lionel - In: Games 9 (2018) 1/12, pp. 1-22

This paper studies the optimal contract offered by a risk-neutral principal to a risk-averse agent when the agent …

Persistent link: https://www.econbiz.de/10011849217

The effect of regulations on pension risk shifting : evidence from the US and Europe

Guan, Yanling; Lui, Daphne - In: Journal of business finance & accounting : JBFA 43 (2016) 5/6, pp. 765-799

Persistent link: https://www.econbiz.de/10011610364

Knowledge about aerosol injection does not reduce individual mitigation efforts

Merk, Christine; Pönitzsch, Gerd; Rehdanz, Katrin - 2016

Stratospheric aerosol injection (SAI) is a climate engineering method that is reputed to be very effective in cooling the planet but is also thought to involve major risks and side effects. As a new option in the bid to counter climate change, it has attracted an increasing amount of research...

Persistent link: https://www.econbiz.de/10011473298

Moral-hazard-free first-best unemployment insurance

Parsons, Donald O. - 2016

Unemployment insurance replacement rates world-wide are well below 100 percent, a fact often attributed to search moral hazard concerns. As Blanchard and Tirole (2008) have illustrated, however, neither search nor layoff moral hazard (firing cost) distortions need arise in first-best insurance...

Persistent link: https://www.econbiz.de/10011455570

Is risk taking beneficial to the insured and to society?

Mao, Hong; Carson, James M.; Ostaszewski, Krzysztof M. - In: The journal of insurance issues : official journal of … 41 (2018) 2, pp. 215-230

Persistent link: https://www.econbiz.de/10011958457

Intrinsic moral hazard

Ertürk, Korkut A. - 2019

-expand because it turned social insurance against systemic risk into a common pool (or open) resource. The increased size and …

Persistent link: https://www.econbiz.de/10011959972

STO vs. ICO : a theory of token issues under moral hazard and demand uncertainty

Miglo, Anton - In: Journal of risk and financial management : JRFM 14 (2021) 6, pp. 1-35

This paper considers a financing problem for an innovative firm that is launching a web-based platform. The entrepreneur, on one hand, faces a large degree of demand uncertainty on his product and on the other hand has to deal with incentive problems of professional blockchain participants who...

Persistent link: https://www.econbiz.de/10012587665