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The lemon market of insolvency proceedings in Spain in the new normal : information, asymmetry, and adverse selection problems
Olabarrieta, Unai; San-Jose, Leire; Araujo, Andrés - In: Cogent business & management 10 (2023) 3, pp. 1-16
framework for corporate insolvency resolution are constantly changing to enhance the efficiency of such mechanisms. This pursuit … contrasts with the lack of specific efficiency data available to both legislators and researchers, there are no solid statistics … to investigate the phenomenon from the perspective of its efficiency, which makes it impossible in practice to …
Persistent link: https://www.econbiz.de/10014505998
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Republic of Lithuania; Financial Sector Assessment Program Update-Technical Note-Insolvency and Creditor Rights Assessment
International Monetary Fund (IMF); International … - 2008
the bailiffs system has contributed to accelerating the recovery process and increasing the enforcement efficiency. In the … area of corporate insolvency, the Enterprise Bankruptcy Law and the Law on Restructuring of Enterprises are generally …
Persistent link: https://www.econbiz.de/10011245697
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European and German insolvency law with focus on cross-border proceedings, COMI and international competence
Šťastný, Tomáš - In: Současná Evropa 2012 (2012) 2, pp. 147-166
law and its practical bankruptcy implementation. We would like to point out that this article is based on the bibliography …
Persistent link: https://www.econbiz.de/10011195465
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Observing unobservables : identifying information asymmetries with a consumer credit field experiment
Karlan, Dean; Zinman, Jonathan - 2005
Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...
Persistent link: https://www.econbiz.de/10011610980
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Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment
Karlan, Dean S.; Zinman, Jonathan - 2005
Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...
Persistent link: https://www.econbiz.de/10010369211
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Experimental identification of asymmetric information : evidence on crop insurance in the Philippines
Snaebjorn Gunnsteinsson - In: Journal of development economics 144 (2020)
Persistent link: https://www.econbiz.de/10012237193
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Bankruptcy, medical insurance, and a law with unintended consequences
Koch, Thomas G. - In: Health economics 23 (2014) 11, pp. 1326-1339
Persistent link: https://www.econbiz.de/10011308173
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Micro-microcrédit et asymétries d’information : cas du Maroc
Abdelhamid, El Bouhadi; Omar, Essardi - Volkswirtschaftliche Fakultät, … - 2007
In this paper we apply the Principal/Agent theory in case of microcredit granted to the Moroccan micro-companies. The practice reveals us that a part of the receipted credits is diverted from its initial objective. Indeed, a situation of information asymmetries linked with adverse selection and...
Persistent link: https://www.econbiz.de/10008490565
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Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment
Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2007
Information asymmetries are important in theory but difficult to identify in practice. We estimate the presence and importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major...
Persistent link: https://www.econbiz.de/10005497798
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Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Report
Karlan, Dean; Zinman, Jonathan - 2007
Information asymmetries--which occur when one party to a transaction has more or better information than the other party--such as moral hazard or adverse selection, can cause inefficiency, overinvestment, or poverty traps. Unfortunately, they are difficult to identify in practice. This working...
Persistent link: https://www.econbiz.de/10005162675