Search Results - subject_exact:"Moral hazard"

Risky collateral and default probability

Koufopoulos, Kostas; McGowan, Danny; Perdichizzi, Salvatore - 2026

We use a novel data set containing all corporate loans throughout the Eurozone to document a series of novel stylized facts on the relationship between collateral and the probability of default. First, we show that the pervasive empirical finding that riskier borrowers pledge collateral is...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015592344

Loan defaults and credit risk in microfinance

Andam Boiquaye, Perpetual; Aidoo, Bernadette; Gyamerah, … - 2026

This study investigates the probability of consumer default across both secured and unsecured assets, with a particular focus on borrower behavior and the role of moral hazard in shaping individual credit risk. It examines how different borrower decisions, such as investing in secured and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639069

The effect of debt guarantees and risk exposure on bank salaries in Switzerland

Sheldon, George - 2026

It is well known that state bank debt guarantees create a significant moral hazard problem by encouraging banks to invest in more risk in the pursuit of higher returns, knowing that the state will bail them out if they fail. Researchers have recently postulated that the higher returns stemming...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015656468

Common ownership, tacit know-how, and the market for technology

Hutschenreiter, Dennis - 2026

Firms increasingly rely on markets for technology to acquire innovations developed outside their boundaries, yet acquiring intellectual property rights alone often does not guarantee successful implementation. Many technologies depend on tacit know- how that must be supplied by the provider...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015632646

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Common ownership, tacit know-how, and the market for technology

Hutschenreiter, Dennis - 2026

Book / Working Paper

Optimal taxation with directed search and private information

Nakajima, Tomoyuki - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015671806

Endogenous sample selection

Walter, Torsten Figueiredo; Moneke, Niclas - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650876

Moral hazard and competitive paradoxes

Etro, Federico - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676130

Does broader insurance weaken preventive supply chain resilience? : moral hazard, verification, and the limits of visibility

Shojaei, Seyed Amirhossein; Al-Mansour, Bashar Yaser; … - 2026

This study examines whether broader supply chain insurance coverage is associated with lower preventive resilience investment through perceived managerial moral hazard. Drawing on moral hazard theory and supply chain resilience research, it tests a moderated-mediation model using survey data...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016059373

Flow variability and data sharing in transboundary river treaties

Ansink, Erik; Gudmundsson, Jens; Houba, Harold - 2026

Treaties on transboundary river sharing often include provisions for sharing hydrologic data, yet such sharing is often limited where hydrologic variability is high. We study this puzzle in a model where treaty obligations must be conditioned on a noisy but verifiable public signal of inflows,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015675393

Creative financing and public moral hazard : evidence from Medicaid and the nursing home industry

Hackmann, Martin B.; Rojas, Juan S.; Ziebarth, Nicolas R. - 2026

Medicaid finances U.S. nursing home care through federal matching grants that reward verifiable volume, not quality. We show that states exploit this through creative financing, diverting funds earmarked for nursing homes. This turns the federal match into a pure volume subsidy and generates a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016069623

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Creative Financing and Public Moral Hazard : Evidence from Medicaid and the Nursing Home Industry

Hackmann, Martin B.; Rojas, Juan S.; Ziebarth, Nicolas R. - 2025

Book / Working Paper

Capital requirements and process innovation

Beckert, Walter; Eccles, Peter; Siciliani, Paolo - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016063658

Shaming, stringency, and shirking : evidence from food-safety inspections

Bovay, John - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015166733

The distributional effects of cost-sharing in a universal healthcare system

Bensnes, Simon; Huitfeldt, Ingrid; Marone, Victoria - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618315

Property rights, sick pay and effort supply

Blanchard, Pablo; Burdín, Gabriel; Dean, Andrés - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015559088

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Property rights, sick pay and effort supply

Blanchard, Pablo; Burdín, Gabriel; Dean, Andrés - 2025

Book / Working Paper

Private safe-asset supply and financial instability

Castells-Jauregui, Madalen - 2025

This paper analyzes the private production of safe assets and its implications for financial stability. Financial intermediaries (FIs) originate loans, exert hidden effort to improve loan quality, and create safe assets by issuing debt backed by the safe payments from (i) their own loans and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015340223

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Private safe-asset supply and financial instability

Castells-Jauregui, Madalen - 2025

Book / Working Paper

Health insurance as economic stimulus? : evidence from long-term care jobs

Hackmann, Martin B.; Heining, Jörg; Klimke, Roman; … - 2025

We leverage decades of administrative data and quasi-experimental variation in the introduction of universal long-term care (LTC) insurance in Germany in 1995 to examine whether health insurance expansions can stimulate local economies. We find that the LTC insurance rollout led not only to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015197291

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Health insurance as economic stimulus? : evidence from long-term care jobs

Hackmann, Martin B.; Heining, Jörg; Klimke, Roman; … - 2025

Book / Working Paper

Optimal contracts under moral hazard, adverse selection and limited liability

Martimort, David; Poudou, Jean-Christophe; Thomas, Lionel - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015329123

Feedback effects and rational mispricing in markets

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

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015386511

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Feedback effects and rational mispricing in markets

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

Book / Working Paper

Loss aversion, moral hazard, and stochastic contracts

Ho, Hoa - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015386731

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Loss aversion, moral hazard, and stochastic contracts

Ho, Hoa - 2021

Book / Working Paper

Loss aversion, moral hazard, and stochastic contracts

Ho, Hoa - 2021 - Draft: March 10, 2021

Edition: Draft: March 10, 2021

Book / Working Paper

Consumer bankruptcy, mortgage default, and labor supply

Li, Wenli; Meghir, Costas; Oswald, Florian - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015472956

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Consumer bankruptcy, mortgage default and labor supply

Li, Wenli; Meghir, Costas; Oswald, Florian - 2022

Book / Working Paper

Consumer bankruptcy, mortgage default and labor supply

Li, Wenli; Meghir, Costas; Oswald, Florian - 2022

Book / Working Paper

Consumer bankruptcy, mortgage default and labor supply

Li, Wenli; Meghir, Costas; Oswald, Florian - 2022

Book / Working Paper

The anatomy of U.S. sick leave schemes : evidence from public school teachers

Cronin, Christopher J.; Harris, Matthew C.; Ziebarth, … - 2025

We study how public school teachers use paid sick leave. Most US sick leave schemes operate as individualized credit accounts: Paid leave is earned, and unused leave accumulates. We construct a unique dataset of daily leave balances and behavior among 982 teachers for 2010–2018. Sick leave use...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015474198

Fintech and financial frictions : the rise of revenuebased financing

Russel, Dominic; Shi, Claire; Clarke, Rowan - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015406273

Optimizing moral hazard management in health insurance through mathematical modeling of quasi-arbitrage

Zhou, Lianlian; Li, Anshui; Lu, Jue - 2025

Moral hazard in health insurance arises when insured individuals are incentivized to over-utilize healthcare services, especially when they face low out-of-pocket costs. While existing literature primarily addresses moral hazard through qualitative studies, this paper introduces a quantitative...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015409030

Economics of property insurance

Jung, Hyeyoon; Jung, Jaehoon - 2025

We study the economics of homeowners' property insurance by examining how contract design balances the trade-off between incentive alignment and risk sharing. Using granular contract-level property insurance data merged with property-level disaster risk for millions of U.S. households, we...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015550143

Quality upgrading in the street food market : is better equipment and training sufficient?

Brown, Caitlin; Tommasi, Denni - 2025

We study quality upgrading in informal markets through two experiments with street-food vendors and consumers in India. First, we define quality in terms of food safety and develop a context-specific measurement framework. Second, we show that consumers are willing to pay substantial premiums...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015557996

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Quality upgrading in the street food market : is better equipment and training sufficient?

Brown, Caitlin; Tommasi, Denni - 2025

Book / Working Paper

Structural empirical analysis of vacancy referrals with imperfect monitoring and the strategic use of sickness absence

Berg, Gerard J. van den; Foerster, Hanno; Uhlendorff, Arne - 2025

This paper provides a structural analysis of the role of job vacancy referrals (VRs) by public employment agencies in the job search behavior of unemployed individuals, incorporating institutional features of the monitoring of search behavior by the agencies. Notably, rejections of VRs may lead...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015589443

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Structural empirical analysis of vacancy referrals with imperfect monitoring and the strategic use of sickness absence

Berg, Gerard J. van den; Foerster, Hanno; Uhlendorff, Arne - 2023

Book / Working Paper

Structural empirical analysis of vacancy referrals with imperfect monitoring and the strategic use of sickness absence

Berg, Gerard J. van den; Foerster, Hanno; Uhlendorff, Arne - 2023

Book / Working Paper

Structural empirical analysis of vacancy referrals with imperfect monitoring and the strategic use of sickness absence

Berg, Gerard J. van den; Foerster, Hanno; Uhlendorff, Arne - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015589443

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Structural empirical analysis of vacancy referrals with imperfect monitoring and the strategic use of sickness absence

Berg, Gerard J. van den; Foerster, Hanno; Uhlendorff, Arne - 2023

Book / Working Paper

Structural empirical analysis of vacancy referrals with imperfect monitoring and the strategic use of sickness absence

Berg, Gerard J. van den; Foerster, Hanno; Uhlendorff, Arne - 2023

Book / Working Paper

Designing contracts for the energy transition

Fabra, Natalia; Llobet, Gerard - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016082580

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Designing contracts for the energy transition

Fabra, Natalia; Llobet, Gerard - 2025

Book / Working Paper

Designing contracts for the energy transition

Fabra, Natalia; Llobet, Gerard - 2025

Book / Working Paper

Financial safety nets, bank risk and depositor behaviour in Central and Eastern Europe

Skała, Dorota - 2025

We studied expansions in financial safety nets and their relation to bank risk and depositor behaviour in Central and Eastern Europe, using time-varying regulatory data. In general, we find that stronger deposit insurance and state aid granted to banks are linked with both bank risk and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650552

The cost of consumer collateral : evidence from bunching

Collier, Benjamin L.; Ellis, Cameron M.; Keys, Benjamin J. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015475201

A novel metric for corporate environmental responsibility and its impact on investment inefficiency

Wang, Yadong; Albitar, Khaldoon; Chbib, Imad - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015482576

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://ebvufind01.dmz1.zbw.eu/10015414158

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Insurance and Asymmetric Information in Wage Contracts: Evidence from an Online Experiment

Herbst, Daniel - 2025

Book / Working Paper

Dynamic delegation with reputation feedback

Lukyanov, Georgy; Vlasova, Anna - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015574855

Das Leitbild einer "aufgeklärten Globalisierung" : zur Verantwortung von Staat und Unternehmen bei der Steuerung geopolitischer Risiken

Hecker, Christian - 2025

Die Anfälligkeit der Lieferketten europäischer Unternehmen gegenüber politisch bedingten Störungen und die festgestellte Bereitschaft autoritärer Regime zur Ausnutzung wirtschaftlicher Abhängigkeiten haben deutlich gemacht, wie wichtig es für Staaten und Unternehmen ist, geopolitische...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015395703

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Das Leitbild einer "aufgeklärten Globalisierung": Zur Verantwortung von Staat und Unternehmen bei der Steuerung geopolitischer Risiken

Hecker, Christian - 2025

Article

Procedural vs. substantive approaches in non-comprehensive contracts

Demougin, Dominique; Bental, Benjamin - 2025

In this study, we examine two adjudication methods designed to resolve disputes between principals and agents concerning bonus payments in relationships characterized by moral hazard and where the parties have been forced to use soft, imprecise, and subjective information to align incentives....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015396893

Feedback design in dynamic moral hazard

Ely, Jeffrey C.; Georgiadis, George; Rayo, Luis - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015401160

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Feedback design in dynamic moral hazard

Ely, Jeffrey C.; Georgiadis, George; Rayo, Luis - 2023

Book / Working Paper

Credit scores and inequality across the life cycle

Chatterjee, Satyajit; Corbae, Dean; Dempsey, Kyle P.; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609896

Designing quality certificates : insights from ebay

Hui, Xiang; Jin, Ginger Zhe; Liu, Meng - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015168663

Ex-ante moral hazard? : overweight and health insurance expansion in Mexico

Costa-Font, Joan; Gyori, Mario; Sáenz de Miera … - 2026

Extending health insurance to previously uncovered populations can improve access to preventative health care alongside income effects resulting from lower need of out-of-pocket. However, theoretically, in the presence of ex-ante moral hazard, it can also give a disincentive to preventative...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015615392

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Ex-ante moral hazard? : overweight and health insurance expansion in Mexico

Costa-Font, Joan; Gyori, Mario; Sáenz de Miera … - 2026

Book / Working Paper

Moral hazard incentives under formal insurance and informal insurance : evidence from a framed field experiment

Nanyiti, Aisha; Pamuk, Haki - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015371146

Manipulative overconfidence and the cost of unbiased reporting

Niebuhr, Nikolaj Kirkeby - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015195305

Preference-driven contract design : how education alters risk, patience, and effort in incentive schemes

Weikl, Jan - 2026

Performance-contingent pay raises productivity, yet in the German Socio-Economic Panel (SOEP) only about 16% of workers report receiving performance pay, with the incidence being roughly seven percentage points higher among university graduates than among non-graduates. This coexistence of low...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015590487

Global Fertility Responses to Climate-Related Hazards Depend on Population Disruption, Lethality, and Hazard Type

Mejía, Leonardo Bonilla; Lopez Vera, Stefany; … - 2026

Global fertility is declining, yet it remains unclear whether and how climate-related hazards contribute to realized fertility change. This paper combines global fertility data with disaster records for 1950–2023 to estimate fertility responses to climate-related hazards, distinguishing...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628268

Incentive contract, equity pooling, and optimal securitization design

Zhang, Yuqiang - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015386703

Fixed-price or performance-based? : contract design with renegotiation for IT outsourcing

Hu, Minhui - 2026

Renegotiation after software development is widely adopted by firms to mitigate uncertainties in IT outsourcing. This study examines the design and choice of fixed-price versus performance-based contracts in scenarios where firms may renegotiate software debugging time with the IT vendor after...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637548

Risk taking under limited liability and moral hazard : quantifying the role of motivated beliefs

Bosch-Rosa, Ciril; Gietl, Daniel; Heinemann, Frank - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015410704

Risks to human capital

Ebrahimian, Mehran; Wachter, Jessica - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015412438

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Risks to human capital

Ebrahimian, Mehran; Wachter, Jessica - 2020

Book / Working Paper

Risks to Human Capital

Ebrahimian, Mehran; Wachter, Jessica - 2022

Book / Working Paper

Risks to Human Capital

Ebrahimian, Mehran - 2020

Book / Working Paper

Risks to Human Capital

Ebrahimian, Mehran - 2020

Book / Working Paper

Reviving joint liability contracts : asymmetric joint liability loans and moral hazard

Carli, Francesco; Cecchi, Francesco; Fritz, Manuela; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015640225

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Reviving joint liability contracts : asymmetric joint liability loans and moral hazard

Carli, Francesco; Cecchi, Francesco; Fritz, Manuela; … - 2025

Book / Working Paper

Advance selling to ease financial distress

Papanastasiou, Yiangos; Xiao, Shuang; Yang, S. Alex - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015413733

Identifying selection in social insurance : risk-based selection and selection on moral hazard

Ejrnæs, Mette; Hochgürtel, Stefan - 2026

We investigate selection into a voluntary unemployment insurance (UI) scheme by exploiting variation in enrollment driven by an early retirement program embedded within the UI system. Using Danish administrative data and an event study design, we identify negative selection among UI enrollees...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650653