Results 81 to 90 of about 1,610,646 (177)

Equilibrium in financial markets with adverse selection [PDF]

open access: yes
We study a financial market adverse selection model where all agents are endowed with initial wealth and choose to invest as entrepreneurs or financiers, or not to invest.
Otto Toivanen, Tuomas Takalo
core  

Accruals anomalies could be explained by the adverse selection risk induced by the information structure: the case of the Japanese securities market

open access: yesCogent Economics & Finance
Accruals are regarded as investments in working capital and are an integral component in the growth process of firms. By assuming asymmetry of information among investors when predicting the returns on such investments, investors are exposed to adverse ...
Hiroaki Isoyama
doaj   +1 more source

Should UI Benefits Really Fall over Time? [PDF]

open access: yes
The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in an analytically tractable model allowing moral hazard, adverse selection and hidden savings.
John Hassler, José V. Rodriguez Mora
core  

Extreme Adverse Selection, Competitive Pricing, and Market Breakdown [PDF]

open access: yes
Extreme adverse selection arises when private information has unbounded support, and market breakdown occurs when no trade is the only equilibrium outcome.
Georg Nöldeke, George J. Mailath
core   +3 more sources

International Adverse Selection in Life Insurance and Annuities [PDF]

open access: yes
This paper evaluates the extent of adverse selection in life insurance and annuities in international markets, for both group and individual products.
David McCarthy, Olivia S. Mitchell
core  

An adverse selection approach to power pricing

open access: yes, 2019
We study the optimal design of electricity contracts among a population of consumers with different needs. This question is tackled within the framework of Principal-Agent problems in presence of adverse selection.
Alasseur, Clémence   +4 more
core   +3 more sources

Collateral and Adverse Selection in Transition Countries [PDF]

open access: yes
This paper tackles the question of knowing whether collateral helps solve adverse selection problems in transition countries. We use a unique dataset of about 400 bank loans from 16 transition countries.
Christophe J. Godlewski, Laurent Weill
core  

Uninformed Winners Under Adverse Selection [PDF]

open access: yes
This paper presents a static model of a market for a quality-differentiated good. In one version quality is observable, in the other it is not. It is shown that some agents who are uninformed when quality is unobservable may have higher utility than they
Max Blouin
core  

Wage Dispersion and Labor Turnover with Adverse Selection [PDF]

open access: yes
We consider a model of on-the-job search where firms offer long-term wage contracts to workers of different ability. Firms do not observe worker ability upon hiring but learn it gradually over time.
Carrillo-Tudela, Carlos, Kaas, Leo
core  

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