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14.661 Labor Economics I, Fall 2006

Pischke, Jorn-Steffen; Angrist, Joshua - 2006

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …

Persistent link: https://www.econbiz.de/10009432547

Safer Ratios, Riskier Portfolios: Banks? Response to Government Aid

Duchin, Ran - 2011

We study the effect of government assistance on bank risk taking. Using hand-collected data on bank applications for … government investment funds, we investigate the effect of both application approvals and denials. To distinguish banks? risk … banks approve riskier loans and shift investment portfolios toward riskier securities. However, this shift in risk occurs …

Persistent link: https://www.econbiz.de/10009482955

An Analysis of the Medicare Prescription Drug Benefit

Claudio, Lucarelli - 2006

Medicare has recently experienced the largest expansion of benefits since its in- ception: the inclusion of prescription drug coverage under the Medicare Prescription Drug, Improvement and Modernization Act of 2003. The policy debate has mainly focused on estimating the cost of implementing the...

Persistent link: https://www.econbiz.de/10009438528

Moral Hazard and Adverse Selection in the Originate-to-Distribute Model of Bank Credit

Berndt, Antje; Gupta, Anurag - 2008

% per year on a risk-adjusted basis over the three-year period following the sale of their loan. Furthermore, they suffer a …

Persistent link: https://www.econbiz.de/10009441128

Accounting Recognition, Moral Hazard, and Communication

Liang, Pierre Jinghong - 2000

Two complementary sources of information are studied in a multiperiod agency model. One is an accounting source which partially but credibly conveys the agent’s private information through accounting recognition. The other is an unverified communication by the agent (i.e., a self-report). In a...

Persistent link: https://www.econbiz.de/10009441137

Use of Penalties and Rewards in Agri-Environmental Policy

Yano, Yuki; Blandford, David - 2008

discuss the advantagesand disadvantages of each source of funding and analyze them numerically for bothrisk-neutral and risk … increasingprogramme costs. For risk-averse farmers, however, conditions that ensure a positiveoutcome from compliance rewards become more …

Persistent link: https://www.econbiz.de/10009443319

Determinants of Convertible Bond Structure;

Krishnaswami, Sudha; Yaman, Devrim - 2005

Theoretical research argues that convertible bonds mitigate the contracting costs of moral hazard, adverseselection, and financial distress. Using firm-specific and macroeconomic factors of the contracting costs,we examine the extent to which they impact the likelihood of issuance and the...

Persistent link: https://www.econbiz.de/10009468586

Contracting Costs and the Window of Opportunity for Straight Debt Issues;

Krishnaswami, Sudha; Yaman, Devrim - 2005

We analyze whether fluctuation in economy-wide factors cause time-series variation in thecontracting costs of moral hazard, adverse selection, and financial distress, and so create windows ofopportunity for firms to issue debt. Using the announcement period abnormal returns as one measure of...

Persistent link: https://www.econbiz.de/10009468589

Monitoring or moral hazard? Evidence from real activities manipulation by venture-backed companies.

Liu, Xiang - 2009

monitoring and restraining managers' earnings management behavior. The VC moral hazard hypothesis argues that VCs aggravate the … management. Using a sample of IPO firms between 1987 and 2002, after controlling for the magnitude of accruals manipulation (AM …

Persistent link: https://www.econbiz.de/10009475038

Three Essays in Health Insurance Coverage.

Rutledge, Matthew S. - 2010

Obtaining health insurance through an employer pools risk, but may lead to moral hazard, where employees with more …

Persistent link: https://www.econbiz.de/10009476816

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