Browsing by Author "Angelova, Vera"

Now showing items 1-4 of 4

2016-08-29Diskussionspapier

Can a Bonus Overcome Moral Hazard?

Angelova, Vera; Regner, Tobias

Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate ...
2016-08-29Diskussionspapier

Do voluntary payments to advisors improve the quality of financial advice?

Angelova, Vera; Regner, Tobias

The market for retail financial products (e.g. investment funds or insurances) is marred by information asymmetries. Clients are not well informed about the quality of these products. They have to rely on the recommendations ...
2016-08-29Diskussionspapier

Relative Performance of Liability Rules

Angelova, Vera; Attanasi, Giuseppe; Hiriart, Yolande

We compare the performance of liability rules for managing environmental disasters when third parties are harmed and cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The ...
2016-08-29Diskussionspapier

What renders financial advisors less treacherous?

Angelova, Vera

An advisor is supposed to recommend a financial product in the best interest of her client. However, the best product for the client may not always be the product yielding the highest commission to the advisor. Do advisors ...