Browsing FGV EPGE - Escola Brasileira de Economia e Finanças by Author "Besfamille, Martin"

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Construction of facilities under asymmetric information: do constitutional constraints matter?

Besfamille, Martin
2002-12-31

This paper studies construction of facilities in a federal state under asymmetric information. A country consists of two regions, each ruled by a local authority. The federal government plans to construct a facility in one ...
Do insurance defrauders want to be punished?

Besfamille, Martin; Alary, D
2000-08-23

We analyze a Principal-Agent model of an insurer who faces an adverse selection problem. He is unable to observe if his client has a high risk or a low risk of having an accident. At the underwriting of the contract, the ...