Results 51 to 60 of about 1,610,646 (177)
Dynamic adverse selection and debt [PDF]
European Economic Review, 1997 This paper argues that the strategic use of debt favours the revelation of information in dynamic adverse selection problems. Our argument is based on the idea that debt is a credible commitment to end long term relationships. Consequently, debt encourages a privately informed party to disclose its information at early stages of a ...
Faure-Grimaud, Antoine, Chemla, Gilles
openaire +4 more sources
The Impact of Institutional Changes on the Vertical Interaction in Trade [PDF]
Журнал институциональных исследований, 2017 The Law on Trade was adopted in Russian Federation in 2009. Its main aim was to protect suppliers because suppliers have significantly less bargaining power than retailers (the weak position of suppliers in the bargaining power due to the difficulty of ...
Maria Е. Agamirova
doaj +1 more source
A test on adverse selection of farmers in crop insurance: Results from Inner Mongolia, China
Journal of Integrative Agriculture, 2017 Adverse selection is an operating risk of crop insurance. Based on survey data on crop insurance collected by questionnaires in Inner Mongolia, China, the paper uses non-parametric analysis and econometric models to estimate the relationship between ...
Yuan-feng ZHAO +3 more
doaj +1 more source
Adverse Selection and Auction Design for Internet Display Advertising
EAI Endorsed Transactions on Scalable Information Systems, 2016 We model an online display advertising environment with brand advertisers and better-informed performance advertisers, and seek an auction mechanism that is strategy-proof, anonymous and insulates brand advertisers from adverse selection.
Nicholas Arnosti +2 more
doaj +1 more source
Interviews and adverse selection [PDF]
Interviewing in professional labor markets is a costly process for firms. Moreover, poor screening can have a persistent negative impact on firms’ bottom lines and candidates’ careers.
Jens Josephson, Joel Shapiro
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SSRN Electronic Journal, 2010 We illustrate the corrosive effect of even small amounts of adverse selection in an asset market and show how it can lead to the total breakdown of trade. The problem is the failure of “market confidence,” defined as approximate common knowledge of an upper bound on expected losses. Small probability events can unravel market confidence.
Stephen Morris, Hyun Song Shin
openaire +3 more sources
International capital flows and credit market imperfections: A tale of two frictions [PDF]
The financial crisis of 2007-08 has underscored the importance of adverse selection in financial markets. This friction has been mostly neglected by macroeconomic models of financial imperfections, however, which have focused almost exclusively on the ...
Alberto Martin, Filippo Taddei
core +3 more sources
Dynamic adverse selection and debt [PDF]
This paper argues that the strategic use of debt favours the revelation of information in dynamic adverse selection problems. Our argument is based on the idea that debt is a credible commitment to end long term relationships.
Antoine Faure Grimaud, Gilles Chemla
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Adverse Selection, Moral Hazard, and Propitious Selection. [PDF]
Journal of Risk and Uncertainty, 2008 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
De Donder, Philippe, Hindriks, Jean
core +6 more sources
Adverse Selection and Financial Crises [PDF]
The recent financial crisis has highlighted the importance of adverse selection as a contributing factor to financial market instability. In this article, the author examines the phenomenon of adverse selection and explains how its presence in a ...
Koralai Kirabaeva
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