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The Welfare Effects of Discrimination in Insurance

van der Noll, Rob - 2008

We study an insurance model characterized by a continuum of risk types, private information and a competitive supply … side. We use the model to investigate the welfare effects of discrimination (also known as risk selection). We postulate … find that aggregate surplus decreases when risk aversion is high. When risk aversion is low however, discrimination …

Persistent link: https://www.econbiz.de/10012727250

Exclusive Contracts and the Institution of Bankruptcy

Rampini, Adriano A. - 2004

This paper studies the institution of bankruptcy when exclusive contracts cannot be enforced ex ante, e.g., a bank cannot monitor whether the borrower enters into contracts with other creditors. The institution of bankruptcy enables the bank to enforce its claim to any funds that the borrower...

Persistent link: https://www.econbiz.de/10012739196

Exclusive Contracts and the Institution of Bankruptcy

Rampini, Adriano A. - 2006

The paper studies the institution of bankruptcy when exclusive contracts cannot be enforced ex ante, e.g., a bank cannot monitor whether the borrower enters into contracts with other creditors. The institution of bankruptcy enables the bank to enforce its claim to any funds that the borrower has...

Persistent link: https://www.econbiz.de/10012780854

Corporate Distress, Credit Default Swaps, and Defaults : Information and Traditional, Contingent, and Empty Creditors

Hu, Henry T. C. - 2019

Persistent link: https://www.econbiz.de/10012896650

Ex Ante Information and Ex Post Reality for Franchisees : The Case of Franchisor Failure

Buchan, Jenny - 2009

Ex ante, the franchisee is provided with a significant amount of information; about the franchisor, the risks of becoming a small business person and what is expected of franchisees in the network. The scope of the franchisee's precontract due diligence is framed by the contents of the franchise...

Persistent link: https://www.econbiz.de/10012764781

Legal Informality and Human Capital Development in China

Chen, Ruoying - 2016

Persistent link: https://www.econbiz.de/10012977112

An Introduction to Privacy

Serwin, Andrew B. - 2014

This document is the introductory chapter to my privacy book published by Thomson-West. It offers a conceptual overview of issues and principles that have been adopted by the United States, as well as foreign countries

Persistent link: https://www.econbiz.de/10012708662

The Truth, But Not Always the Whole Truth, in Lending Laws

Attuel-Mendes, Laurence - 2010

Both microcredit and sub-prime loans are loans to poor consumers, often in small amounts leading to high interest rates. These high interest rates charged by banks have raised the question whether the poor, often illiterate or with limited literacy, understand the amount of interests they are...

Persistent link: https://www.econbiz.de/10013148634

E-Communications : Investment and the Regulatory Framework

Jones, Sion - 2013

The EU regulatory framework for e-communications was adopted by the European Parliament and the Council in 2002, and became applicable from 2003. It has three primary objectives: (1) to promote competition; (2) to develop the single market; and (3) to promote citizens' rights. The European...

Persistent link: https://www.econbiz.de/10012753901

Behavioural and Empirical Topics for Discussion on Economic Science Paradigms

Danhel, Jaroslav; Duchackova, Eva - In: ACTA VSFS 8 (2014) 2, pp. 100-112

for today’s global era in the sense of behavioural and empiric attitudes. The criticism of fair insurance premium is …

Persistent link: https://www.econbiz.de/10011212035