Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 150 for “"Moral Hazard"”.
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Moral Hazard and Hospital Physician Integration
… dissertation, I examine how integration solves moral hazard problems in a principal-agent relationship in the context of the hospital physician integration continuum. I build on the idea in agency theory that tradeoffs between the cost of measuring behavior and the cost of transferring risk to …
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Moral Hazard and Adverse Selection of Executive Compensation
This dissertation investigates the structure of incentive contracts in which adverse selection problems are more severe. Specifically, I examine the moderating effect of R&D intensity on the relative weights placed on signals of ability and on performance measures in executive compensation. …
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The Regulation of Moral Hazard in Retail Transactions
… is enforced. With costless efforts or unilateral moral hazard or no effort choices, no punitive penalty is needed to always restore the first-best with a balanced budget. Bilateral moral hazard rationalizes punitive penalty and determinacy of law yet complicates regulation. Our model applies …
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The moral hazard theory of corporate financial structure : empirical tests
Thesis (Ph.D.)--Massachusetts Institute of Technology, Alfred P. Sloan School of Management, 1982.
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Principal Moral Hazard, Environmental Regulatory Biases, and Strategic Interaction among Chinese Local Governments
Principal moral hazard is one of the major concerns that generates undesired and inefficient governance outcomes. Although the principal moral hazard theory is very well-established, little empirical evidence has been provided on how principal moral hazard is operating in practice and what …
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Gambling on a bail-out : regulation, moral hazard and time inconsistencies in the international banking system
… financial stability without increasing moral hazard. Therefore, the growth of the banking sector has represented a shift in power from the government and to private financial companies. Current regulatory reforms are largely aimed at rebalancing control in the financial system and reduce …
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The Role of Family Ties in Mitigating Moral Hazard: Firm-Level Evidence from Tamil Nadu, India
… family ties as a means to counteract potential moral hazard concerns. It is shown that firms will be more likely to employ family relations when faced with a higher hidden context for moral hazard. Specifically, the analysis finds that the presence of family members within the firm is higher …
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Employee Ownership and Moral Hazard: How Broad-Based Equity Sharing Can Lower Agency Costs and Reduce Inequality
<p>Providing incentives to top managers by offering equity has become the norm; this practice, however, does not hold for all levels of employees. After tax incentives for employee ownership were introduced through the Employee Retirement Income Security Act of 1974, there has been little …
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Tragic challenges and the moral hazard of humanitarian intervention : how and why ethnic groups provoke genocidal retaliation
This dissertation explores the causes of, and possible remedies for, extremely violent ethnic conflict. It starts from a robust yet under-explored finding in the literature: Most groups that fall victim to genocidal violence actually trigger their own demise by launching armed secessions or …
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A közvetlen állami támogatások erkölcsi kockázatának formális modellezése és empirikus elemzése = Modelling and empirically testing moral hazard issues of government subsidies
A KKV-k finanszírozási problémáinak során tapasztalt kontraszelekció és az erkölcsi kockázat kiterjesztése során az állami támogatások generálta új típusú erkölcsi kockázatokat vizsgálom. Ellentétben a pénzintézeti forrásbevonással az állami támogatásokat, amelynek célja versenyképesség és a …
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Essays On The Intersection Of Healthcare Operations And Economics
… on service. The essay, "Should We Worry About Moral Hazard? Estimation of the Slutsky Equation Using Indemnity Health Insurance Contracts," uncovers the differential response of consumers to different designs of health insurance. While previous studies have convincingly shown that ex-post moral …
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An evaluation of defense contracting based on transaction cost theory
… shows, in particular that adverse selection, moral hazard, and hold-up problems exist within defense contracting. Based on the results of this study the transaction cost paradigm can be used as a framework for evaluating defense contracts and related problems. The results also indicate that …
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On Bank Bailouts
… fiscal authority’s time inconsistency creates moral hazard. I calculate the welfare loss from the failure to commit. In the model, as long as the fiscal authority is able to commit to a pre-determined bailout policy, the outcome is typically constrained efficient. Furthermore, a higher …
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Theoretical essays on bank risk-taking and financial stability
… stability. Three issues are explored: (1) the moral-hazard incentive for securitisation, (2) the socially optimal banking structure for the economy, and (3) the relationship between bank competition and financial stability, based on bank funding structures and fire-sale risks. Chapter 2 …
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Three essays on economics of rehypothecation
… I investigate how the severity of the borrower's moral hazard problem affects the borrower's choice between these two alternative ways of financing. If the intermediary's default risk is exogenous, as the moral hazard problem gets more severe, the borrower is less concerned about the default risk …
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Essays on international finance and economics
… diversify risk. I find that government's moral hazard introduces a trade-off between pooling idiosyncratic risk and diversifying aggregate country uncertainty. As a result, local agents face excessive consumption risk. This paper also explores how institutions can be designed as to …
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Assessing the Principal Agent Problem in Mobile Money Services: Lessons from M – PESA in Lesotho
… businesses joining as agents and manifests as moral hazard. Moral hazard is the dominant feature of the principal – agent problem, with adverse selection very low. Drivers of moral hazard are demonstrated by the influences and demands of agents’ core businesses and challenges in agent …
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Essays in group decision-making
… some group of individuals. The first essay is on moral hazard and looks at the principal's problem in a principal-agent(s) free-rider problem in which, unlike most existing work, the principal is not precluded from participating in the production process. Furthermore, there are no uncertainties, …
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