Narrow search
Showing 1 - 10 of 84
Cover Image
Ambiguity, Agency Relationships and Adverse Selection
Mondello, Gérard - HAL - 2012
This paper applies to adverse selection theory the advances made in the field of ambiguity theory. It shows that i) a …
Persistent link: https://www.econbiz.de/10010734227
Cover Image
General equilibrium with asymmetric information and default penalties
Gouveia, Nuno - HAL - 2005
We introduce a two-period general equilibrium model with uncertainty and incomplete financial markets, where default is allowed and agents face in case they do default an utility penalty, which is their own private information. In this setting, if agents have heterogeneous characteristics they...
Persistent link: https://www.econbiz.de/10010750610
Cover Image
Social status and crime
Arbak, Emrah - HAL - 2005
We consider a large population of agents choosing either to engage in a criminal activity or working. Individuals feel varying degrees of selfreproach if they commit criminal acts. In addition, they are concerned with their social status in society, based on others' perceptions of their values....
Persistent link: https://www.econbiz.de/10008791518
Cover Image
Can Wages Signal Kindness?
Arbak, Emrah; Kranich, Laurence - HAL - 2005
We model the interaction between an employer and a worker with interdependent preferences in a simple one-shot production process. In particular, we assume that the worker becomes kinder if she senses that her employer is an altruist. We assume that intentions are private information. Thus, the...
Persistent link: https://www.econbiz.de/10008793118
Cover Image
External imbalances and collateral constraints in a two-country world
Iliopulos, Eleni - HAL - 2009
In this article, we focus on current account dynamics in large open economies characterized by debt-constrained heterogeneous agents and endogenous monetary policies. We incorporate three key features that have bulked large in the New Open Macroeconomics literature : i) home bias in trade, ii)...
Persistent link: https://www.econbiz.de/10010738501
Cover Image
Existence of equilibrium in OLG economies with durable goods
Rakotonindrainy, Lalaina - HAL - 2014
We consider a standard pure exchange overlapping generations economy. The demographic structure consists of a new cohort of agents at each period with an economic activity extended over two successive periods. Our model incorporates durable goods that may be stored from one period to a...
Persistent link: https://www.econbiz.de/10011025963
Cover Image
Determinants of the choice leasing vs Bank Loan: evidence from the french sme by Kacm
Deghaye-Filareto, Marie Christine; Severin, Eric - HAL - 2007
The question of leasing credit as a substitute or complement of a banking loan has still not been resolved in the … characteristics of firms using leasing credit and on the other hand, to better understand the relationship between leasing and credit … rationing. Firstly, our results suggest that SME use leasing all the more the leasing so when they are young, leveraged, less …
Persistent link: https://www.econbiz.de/10010750928
Cover Image
LE CREDIT-BAIL TRANSFRONTALIER, RISQUES ET OPPORTUNITES FISCALES
Chapellier, Edouard - HAL - 2000
Le crédit-bail transfrontalier est un instrument complexe à mettre en oeuvre à cause de la grande diversité des législations fiscales en la matière. Ces différences de qualification peuvent faire risquer aux entreprises de sévères doubles impositions, mais, elles peuvent également leur...
Persistent link: https://www.econbiz.de/10009004245
Cover Image
High frequency trading in a Markov renewal model
Fodra, Pietro; Pham, Huyen - HAL - 2013
We study an optimal high frequency trading problem within a market microstructure model aiming at a good compromise between accuracy and tractability. The stock price is modeled by a Markov Renewal Process (MRP), while market orders arrive in the limit order book via a point process correlated...
Persistent link: https://www.econbiz.de/10010821509
Cover Image
The distortionary effect of health insurance on health demand
Fombaron, Nathalie; Milcent, Carine - HAL - 2007
This paper presents a general framework for modeling the impact of insurance on healthcare demand extending some of the results of the two-risk model of Rothschild and Stiglitz (1976), but including the latter as a special case. Rothschild and Stiglitz's approach assumes equivalence between the...
Persistent link: https://www.econbiz.de/10010738800