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This dissertation includes two essays on adverse selection and moral hazard problems in reinsurance markets. The first essay builds a competitive principal-agent model that considers adverse selection and moral hazard jointly, and characterizes graphically various forms of separating Nash...
Persistent link: https://www.econbiz.de/10009463429
This thesis contributes to the literature by providing new insights into the patterns and market implications of insider trading. The inferences presented here are based on the insider trading reports filed with the Polish Securities and Exchange Commission and the New Zealand Exchange. First,...
Persistent link: https://www.econbiz.de/10009460738
Allokationsverfahren zur Vergabe von Zutrittslizenzen an Marktneulinge differieren hinsichtlich mehrerer Aspekte. Einer davon ist die Veröffentlichung der vom Regulierer im Lizenzvergabeverfahren gesammelten Informationen. Der Autor untersucht den Einfluss der Informationsweitergabe auf die...
Persistent link: https://www.econbiz.de/10009467401
the International Monetary Fund (IMF). From a contract theoretical perspective the extensive liquidity provisions of the …, especially in contract theory. After thoroughly summarizing the potential information asymmetries and negative incentives between …
Persistent link: https://www.econbiz.de/10009471827
This dissertation considers three topics in professional advising and forecasting. Chapter 1 examines a principal's optimal contracting with experts. In an environment where experts have heterogeneous private signal distributions and type dependent reservation utilities, we show that the...
Persistent link: https://www.econbiz.de/10009476989
rigidities. Neoclassical implicit contract theory has been vindicated. Or has it? Obvious empirical difficulties remain … the processes of production and exchange, principles of an alternative conceptualization of contract theory are sketched … local labor markets, part 2: reinterpreting contract theory', Environment and Planning A, 15(3), 365-377. [Available at http://www.envplan.com/A.html]. …
Persistent link: https://www.econbiz.de/10009441459
Published by Asociación de Economistas Agrarios de Chile
Persistent link: https://www.econbiz.de/10009443683
. Ausgehend von verschiedenen Aspekten der Vertragstheorie erfolgt eine Spezifikation auf die Besonderheiten des Gesundheitswesens … providers. An introduction to relevant aspects of contract theory is followed by their adaptation to the characteristics of the … conflicts of interest once a contract has been sealed (ex post). The theory based conclusions are contrasted with the situation …
Persistent link: https://www.econbiz.de/10009485586
state statutes that allowed mix approaches to contractual arrangements. A relational contract is advantageous because it … regional politics and avoid future disputes, municipality and county governments can choose a more legally binding contract by … using non-relational contract such as interlocal agreements, contracts or leases. Utilizing the data compiled by the Florida …
Persistent link: https://www.econbiz.de/10009431810
speculating on basis from day to day. The farther from futures contract delivery they are, the more the futures and cash price … prior to the contract delivery month face larger basis risk thanthose liquidating positions in the contract month. …
Persistent link: https://www.econbiz.de/10009464012