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Current technological and medical advances lend substantial momentum to efforts to attain new medical certainties. Artificial Intelligence can enable unprecedented precision and capabilities in forecasting the health conditions of individuals. But, as we
Ulrich von Ulmenstein +3 more
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Adverse Selection Spirals [PDF]
This article discusses risk classification and develops and discusses a framework for estimating the effects of restrictions on risk classification. It is shown that expected losses due to adverse selection depend only on means, variances and covariances of insurance factors and rates of uptake of insurance. Percentage loadings required to avoid losses
De Jong, Piet, Ferris, Shauna
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Optimization of Risk-sharing in Buyback Contracts Based on the Application of Agency Theory [PDF]
Pricing and risk sharing in oil and gas service contracts such as buyback has always been the most important challenges in the contracting design. Asymmetric information leads to agency costs such as moral hazard and adverse selection and the process of ...
Seyed Mohammadreza Seyednourani +1 more
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Fairness, Adverse Selection, and Employment Contracts [PDF]
This paper considers a firm whose potential employees have private information on both their productivity and the extent of their fairness concerns. Fairness is modelled as inequity aversion, where fair-minded workers suffer if their colleagues get more ...
Siemens, Ferdinand von
core +7 more sources
Managerial Characteristics and Investment Efficiency: Evidence from Indonesian Listed Companies
This study examines the effect of managerial characteristics on investment efficiency. More specifically managerial capabilities, reputation and its interaction effect are expected to increase investment efficiency.
Sansaloni Butar-Butar
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Models of wages and incentives contracts in the conditions of information asymmetry on the labor market [PDF]
The theoretical model of a perfectly competitive market leads to the efficient allocation of resources, and one of the assumptions of that model is complete information of market participants.
Nada Trivic, Bojana Todic
doaj
Adverse selection in life insurance [PDF]
In order to expand the demand for insurance in all disciplines, it is necessary to know the conditions and status of information distribution and the issues arising from it; For example, regarding life insurance, the need to understand adverse selection ...
M. Mohammadi
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Risk Classification Efficiency and the Insurance Market Regulation
Given that the insurance market is characterized by asymmetric information, its efficiency has traditionally been based to a large extent on risk classification.
Donatella Porrini
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In this paper, we discuss the demand side management (DSM) problem: how to incentivize a consumer to equalize the load during the day through price-dependent demand. Traditionally, the retail market offers several electricity payment schemes. A scheme is
Natalia Aizenberg, Nikolai Voropai
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On the 'Adverse Selection' of Organizations [PDF]
According to New Institutional Economics, two or more individuals will found an organization, if it leads to a benefit compared to market allocation. A natural consequence will then be internal rent seeking. We discuss the interrelation between profits, rent seeking and the foundation of organizations.
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