Browsing ECO Working Papers by Subject "Incentives"

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Browsing ECO Working Papers by Subject "Incentives"

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    Title: Bankruptcy: Is It Enough to Forgive or Must We Also Forget?  Author(s): ELUL, Ronel; GOTTARDI, Piero Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: In many countries, lenders are restricted in their access to information about borrowers’ past defaults. We study this provision in a model of repeated borrowing and lending with moral hazard and adverse selection. We ...
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    Title: Behavioural Effects of Obligations  Author(s): GALBIATI, Roberto; VERTOVA, Pietro Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: How formal rules affect human behaviour is a crucial issue in economics. Formal rules are defined as obligations backed by incentives. The economic literature has largely focused on the role of incentives in shaping ...