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Asymmetric information is an important phenomenon in insurance markets, but the empirical evidence on the extent of … crucial to test for asymmetric information in specific insurance markets. In this paper, we analyse a recent data set on … automobile insurance in Germany, the largest such market in Europe. We present and compare a variety of statistical testing …
Persistent link: https://www.econbiz.de/10013100448
Persistent link: https://www.econbiz.de/10001900957
In a two-stage model insurance companies first decide upon risk classification and then compete in prices. I show that … insurance market individual application of classification schemes induces welfare losses due to cream skimming. Classification …
Persistent link: https://www.econbiz.de/10010498978
Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...
Persistent link: https://www.econbiz.de/10013121196
and to outline new directions for research. In this paper we analyse accident insurance, which has not been analysed … information if unobserved risk anversion influences both the insurance demand and the risk type …
Persistent link: https://www.econbiz.de/10013081903
This paper aims to shed light on some of the major allocative consequences of financial market bubbles. In March 1997, the Neuer Markt in Germany opened. Six years later, in June 2003, it closed forever. In the interim period lay the spectacular rise and fall of the first and most important...
Persistent link: https://www.econbiz.de/10008653397
There is a rising number of concepts that try to describe the broad perception of time poverty. Though detailed time poverty analyses are available, still little is said about its impacts on the individual behaviour. Within this article, a possible new implication is analysed: The author tests...
Persistent link: https://www.econbiz.de/10009680105
This paper investigates the impact of four key economic variables on an expert firm’s incentive to defraud its customers in a credence goods market: the level of competition, the expert firm’s financial situation, its competence, and its reputational concerns. We use and complement the...
Persistent link: https://www.econbiz.de/10009754791
There is a rising number of concepts that try to describe the broad perception of time poverty. Though detailed time poverty analyses are available, still little is said about its impacts on the individual behaviour. Within this article, a possible new implication is analysed: The author tests...
Persistent link: https://www.econbiz.de/10009576637
Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...
Persistent link: https://www.econbiz.de/10009270085