Showing 1 - 10 of 57
Persistent link: https://www.econbiz.de/10011789006
In this paper, we propose an alternative methodology to capture the impact of the inequality factors on poverty by decomposing the traditional Foster-Greer-Thorbecke index. We introduce a frame of decomposition of the Gini coefficient, including the overlapping effects. Our method disentangles...
Persistent link: https://www.econbiz.de/10013242604
This paper investigates the impact of heterogeneous wealth on credit allocation from an egalitarian opportunity and an efficiency point of view. Under asymmetric information on both wealth and the responsibility variable there is no trade-off between equality and efficiency, actually wealth...
Persistent link: https://www.econbiz.de/10013065158
Preventive care should be subsidized in traditional insurance contracts since policyholders ignore the benefit of their prevention choice on the insurance premium (Ellis and Manning, 2007 JHE). We study participating policies as risk-sharing agreements among policyholders who decide how much to...
Persistent link: https://www.econbiz.de/10013067785
In this paper we analyse a setup where consumers are heterogeneous in the perception of environmental quality. The equilibrium is verified in a setting with horizontal and vertical (green) differentiation. Profits are increasing in the misperception of quality, while, the investment in green...
Persistent link: https://www.econbiz.de/10013048836
We estimate a model for exchange rate dynamics when expectations present higher order beliefs. A structural macro model for exchange rates is proposed where agents form their one-step-ahead predictions under a Bayesian learning process and in which aggregation of their choices is considered into...
Persistent link: https://www.econbiz.de/10013049856
We present a buyer-seller setup in which seller type is private information and buyer utility is state contingent. States of nature are commonly unknown and the seller can design information through a Bayesian experiment on the state by facing a cost based on Shannon’s entropy. Costly...
Persistent link: https://www.econbiz.de/10014357300
Overwhelming evidence suggests that there exists a physician's tendency in recommending unnecessary medical treatments to the patients. This paper discusses this issue by providing a theoretical model with one physician and many patients who are uncertain about an underlying state of disease....
Persistent link: https://www.econbiz.de/10013229328
Persistent link: https://www.econbiz.de/10010257196
Persistent link: https://www.econbiz.de/10010413804