نتایج جستجو برای: asymmetric information

تعداد نتایج: 1213364  

The presence of asymmetric information is an important source of efficiency loss for insurance companies and could reduce profitability. In this paper, we test the conditional independence of coverage choice and risk, where “conditional” means conditional on all variables observed by the insurer. We use two parametric methods: a pair of probits and a bivariate probit model. The data includes al...

The level of asymmetric information in financial markets is important for its impact on the market formation, price levels and its interaction with investment risk. Also, determining the optimal rules by policy makers and determining the trading strategy by investors is done according to the level of information symmetry in the market. In financial literature, many metrics have been developed t...

Journal: :European Journal of Operational Research 2017

Journal: :Journal of Financial Economics 2022

We study the benefits and costs of collateral requirements in bank lending markets with asymmetric information. estimate a structural model firms’ credit demand for secured unsecured loans, banks’ contract offering pricing, firm default using registry data setting where information problems are pervasive. provide evidence that mitigates adverse selection moral hazard. With counterfactual experi...

Journal: :IEEE Journal on Selected Areas in Communications 2019

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