Similar Search Results

Social Insurance with Competitive Insurance Markets and Risk Misperception

Cremer, Helmuth; Roeder, Kerstin - 2016

private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and … examine the role of uniform and nonuniform social insurance to supplement a general income tax when neither public nor private … (1971) equilibrium emerges in the private insurance market and low-wage/low-risk individuals are not fully insured. We show …

Persistent link: https://www.econbiz.de/10011451223

Information and competition entry

Ewers, Mara - 2012

This paper studies the influence of information on entry choices in a competition with a controlled laboratory experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition failure, where competition failure occurs when a subject...

Persistent link: https://www.econbiz.de/10010282257

Image and misreporting

Ewers, Mara; Zimmermann, Florian - 2012

In this paper we ask if reports of private information about skills, abilities or achievements are affected by image concerns. We develop a simple model that illustrates how image utility can lead to misreporting of private information in contexts where truthful reports maximize monetary...

Persistent link: https://www.econbiz.de/10010286888

Persistent Overconfidence and Biased Memory: Evidence from Managers

Huffman, David B.; Raymond, Collin; Shvets, Julia - 2023

A long-standing puzzle is how overconfidence can persist in settings characterized by repeated feedback. This paper …

Persistent link: https://www.econbiz.de/10014377186

Information and Competition Entry

Ewers, Mara - Institute for the Study of Labor (IZA) - 2012

Persistent link: https://www.econbiz.de/10011279246

Image and Misreporting

Ewers, Mara; Zimmermann, Florian - Institute for the Study of Labor (IZA) - 2012

Persistent link: https://www.econbiz.de/10011279286

Black Sheep and Walls of Silence

Roider, Andreas; Muehlheusser, Gerd - 2004

In this paper we analyze the frequently observed phenomenon that (i) some members of a team ("black sheep") exhibit behavior disliked by other (honest) team members, who (ii) nevertheless refrain from reporting such misbehavior to the authorities (they set up a "wall of silence"). Much cited...

Persistent link: https://www.econbiz.de/10010261919

Employer Learning and Schooling-Related Statistical Discrimination in Britain

Galindo-Rueda, Fernando - 2003

This paper develops and tests a new model of asymmetric information in the labour market involving employer learning. In the model, I provide theoretical conditions for the identification – based on the experience and tenure profiles of estimated returns to ability and education – of...

Persistent link: https://www.econbiz.de/10010262759

Negative externalities and equilibrium existence in competitive markets with adverse selection

von Siemens, Ferdinand; Kosfeld, Michael - 2009

Rothschild and Stiglitz (1976) show that there need not exist a competitive equilibrium in markets with adverse selection. Building on their framework we demonstrate that externalities between agents - an agent's utility upon accepting a contract depends on the average type attracted by the...

Persistent link: https://www.econbiz.de/10010276700

Second-Degree Moral Hazard in a Real-World Credence Goods Market

Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013

Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard - the tendency of the supply...

Persistent link: https://www.econbiz.de/10010328949