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

Berndt, Antje; Gupta, Anurag - 2008

Over the last two decades, bank credit has evolved from the traditional relationship banking model to an originate … show that the borrowers whose loans are sold in the secondary market underperform other bank borrowers by between 8% and 14 … mortgage crisis, and/or the severance of the bank-borrower relationship allows the borrowers to undertake suboptimal investment …

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

No bank, one bank, several banks : does it matter for investment?

Karaivanov, Alexander; Ruano Pardo, Sonia; Saurina … - 2010

Mercantile Registry and the Bank of Spain Credit Registry (CIR) to classify firms according to their number of banking relations … importance of such groups in a European country. We control for reverse causality by treating bank relationships as endogenous …

Persistent link: https://www.econbiz.de/10012530292

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

Anreize und Privatheit bei modernen Monitoring Technologien: das Beispiel der Kfz-Versicherungsvertr?ge

Filipova-Neumann, Lilia - 2008

Im Fahrzeugbau und im Verkehrswesen hat die praktische Umsetzung von Ubiquitous Computing Technologien einen hohen Grad erreicht. Unter diesem Begriff ist die Ausstattung unterschiedlicher Gegenst?nde mit Prozessoren und Sensoren zu verstehen, welche in der Lage sind, Daten ?ber ihren eigenen...

Persistent link: https://www.econbiz.de/10009482327

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

Unemployment Insurance Eligibility and the Dynamics of the Labor Market

Zhang, Min - 2009

This thesis examines a number of issues regarding the Mortensen-Pissarides search and matching model’s empirical performance. Chapter 1 documents the volatility puzzle with the Canadian data. The combined data from both Canada and the United States present an additional difficulty. Even if the...

Persistent link: https://www.econbiz.de/10009455203

Accounting for employee share options : a critical analysis

Sacho, Zwi Yosef - 2003

The main goal of this dissertation was to obtain an understanding as to the true economic nature of employee share options and the problems surrounding the accounting thereof.The main conclusion of this study is that employee share options should be expensed in the income statement as and when...

Persistent link: https://www.econbiz.de/10009457849

Essays in health care economics: structural approaches to measuring moral hazard and adverse selection.

Marsh, Christina L. - 2010

University of Minnesota Ph.D. dissertation. July 2010. Major: Economics. Advisors: Patrick Bajari and Robert Town. 1 computer file (PDF): x, 136 pages, appendices A.

Persistent link: https://www.econbiz.de/10009462876

Essays on Adverse Selection and Moral Hazard in Insurance Market

Wen, Jian - 2010

Essay One examines the asymmetric information problem between primary insurers and reinsurers in the reinsurance industry and contributes uniquely to the separation of adverse selection from moral hazard, if both are present. A two-period principal-agent model is set up to identify the signals...

Persistent link: https://www.econbiz.de/10009463407

Reinsurance Contracting with Adverse Selection and Moral Hazard: Theory and Evidence

Yan, Zhiqiang - 2009

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