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Feedback effects and rational mispricing in markets

Choo, Lawrence; Kaplan, Todd R.; Zultan, Ro'i - 2025

Persistent link: https://www.econbiz.de/10015386511

Ebrahimian, Mehran; Wachter, Jessica - In: Management science : journal of the Institute for … 71 (2025) 3, pp. 2583-2622

Persistent link: https://www.econbiz.de/10015412438

Insurance and asymmetric information in wage contracts : evidence from an online experiment

Herbst, Daniel - 2025

For workers facing uncertain output, fixed-wage contracts provide implicit insurance compared to self-employment or performance-based pay. But like any insurance product, these contracts are prone to market distortions through moral hazard and adverse selection. Using a model of wage contracts...

Persistent link: https://www.econbiz.de/10015414158

Advance selling to ease financial distress

Papanastasiou, Yiangos; Yang, S. Alex - In: Management science : journal of the Institute for … 71 (2025) 4, pp. 3052-3105

Persistent link: https://www.econbiz.de/10015413733

Moral hazard vs. land scarcity : flood management policies for the real world

Avner, Paolo; Hallegatte, Stéphane - 2019

This paper investigates the costs and benefits of three ex ante flood management strategies - risk-based insurance, zoning, and subsidized insurance - in an urban economics framework that takes land scarcity into account. In a theoretical setting and in the absence of market failures, risk-based...

Persistent link: https://www.econbiz.de/10012114423

The marketability of bank assets and managerial rents: implications for financial stability

Fecht, Falko; Wagner, Wolf - 2007

Ongoing financial innovation and greater information availability increase the tradability of bank assets and reduce … banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with …

Persistent link: https://www.econbiz.de/10010295931

Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking

Nicoló, Gianni De; Gamba, Andrea; Lucchetta, Marcella - International Monetary Fund (IMF) - 2012

This paper studies the impact of bank regulation and taxation in a dynamic model with banks exposed to credit and … liquidity risk. We find an inverted U-shaped relationship between capital requirements and bank lending, efficiency, and welfare …

Persistent link: https://www.econbiz.de/10011142059

Bank Credit, Asset Prices and Financial Stability; Evidence From French Banks

Pouvelle, Cyril - International Monetary Fund (IMF) - 2012

supply factors, both for the whole 1993-2010 period and during periods of financial instability. Using bank-level panel data …

Persistent link: https://www.econbiz.de/10011242234

Wholesale Bank Funding, Capital Requirements and Credit Rationing

Agur, Itai - International Monetary Fund (IMF) - 2013

This paper analyzes how different types of bank funding affect the extent to which banks ration credit to borrowers …

Persistent link: https://www.econbiz.de/10010790373

What Caused the Global Financial Crisis; Evidenceon the Drivers of Financial Imbalances 1999: 2007

Merrouche, Ouarda; Nier, Erlend - International Monetary Fund (IMF) - 2010

This paper investigates empirically the drivers of financial imbalances ahead of the global financial crisis. Three factors may have contributed to the build-up of financial imbalances: (i) rising global imbalances (capital flows), (ii) monetary policy that might have been too loose, (iii)...

Persistent link: https://www.econbiz.de/10008727817