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Asymmetric awareness of the contracting parties regarding the uncertainty
surrounding them is proposed as a reason for incompleteness in contractual
forms. An insurance problem is studied between a ...
Selection in Insurance Markets: Theory and Empirics in Pictures
Pictures Theory and Empirics
2015/7/17
ccare to the heavily regulated private markets for property and casualty are to the heavily regulated private markets for property and casualty
insurance, government intervention in insurance market...
Commitment is typically modelled by assigning to one of the players the ability to take an initial
binding action. The weakness of this approach is that the fundamental question of who has the opport...
Real Estate Brokers and Commission: Theory and Calibrations
potential impact transaction cost sales mobility the broker's commission
2011/9/11
The article discusses a study which examines the inherent conflict of interest between house sellers and their hired real estate brokers in the U.S. It explores the potential impact of the sales mobil...