Showing 1 - 10 of 25,372
Persistent link: https://www.econbiz.de/10001554529
Persistent link: https://www.econbiz.de/10013424026
Positive contracting costs (imperfect marketability), the impos-sibility of complete spanning of State spaces and other market imperfections explain the relevance of the corporate buying of property and liability insurance. For a corporation with diffuse ownership, risk aversion is irrelevant,...
Persistent link: https://www.econbiz.de/10010190036
Persistent link: https://www.econbiz.de/10013387923
and the firm can base its incentive payments on good information. Competition, however, may allow themarket and explicit …
Persistent link: https://www.econbiz.de/10011316894
Persistent link: https://www.econbiz.de/10009509836
Persistent link: https://www.econbiz.de/10011964788
insured individuals. Thus, the functioning of social norms depends crucially on information, in particular on what norm … enforcers are able to observe about an insured individual's behavior. Information is also decisive when distinguishing between …
Persistent link: https://www.econbiz.de/10010482983
Persistent link: https://www.econbiz.de/10010468391