Social and Behavioral Sciences Commons^™

Moral Hazard And Adverse Selection In The Insurance Market, Kevin Willardsen

Applied Econometrics Workshops

Willardsen presented on his upcoming article with the same title. The abstract from this paper is as follows:

Understanding the relative significance of adverse selection and moral hazard is important in determining effective policy for insurance markets. Separate identification of these two effects, empirically, is difficult. To overcome this limitation, this paper uses experimental methods to examine how adverse selection and moral hazard separately affect agent performance in a real-effort task. In particular, we explore how agent behavior (effort in the task) changes across a baseline with no insurance option, a treatment where individuals can choose to purchase insurance, and …

Vaule-Added Erosion In Global Value Chains: Rethining International Trade, Xiao Jiang

Seminars in Local and Global Regional Economies

The prevalence of "vertical specialization" and global value chains (GVCs) demands that we think differently about international trade and its relationship to employment. This talk discusses employment effects of GVCs trade. Dr. Jiang argues that the expansion of foreign high value-adding activities in the upper stream of GVCs is likely to lead to a decline of domestic value-added share, leading to intensification of international and domestic distributional conflicts.

Dr. Xiao Jiang’s research combines mathematical modeling, simulations and statistics with classical political economy. He has provided economic consulting for the International Labor Organization, the Association for East and Southeast Asian Countries, …

How Culture Affects Doing Business In The Global Economy, Mingming Pan, Ndem Tazifor, Benjamin Widner, Chrstina Medina, Carl Enomoto

Economics Faculty Publications

While several studies have examined the effects of culture on economic growth,
economic development, foreign direct investment, and the formation of joint ventures, few if any have analyzed the effects of culture on specific aspects of doing business such as starting a business, dealing with construction permits, registering property, obtaining credit, enforcing contracts, and resolving insolvency. Using different cultural variables, this study found that the emphasize individuals placed on religion, leisure time, family, the environment, nationality, prostitution, gender roles, power distance, individualism, and uncertainty avoidance, had significant effects on different business activities. Due to the complex nature of culture, however, …