Zobrazeno 1 - 10
of 67
pro vyhledávání: '"Hendrik Hakenes"'
Publikováno v:
SSRN Electronic Journal.
Autor:
Hendrik Hakenes, Matthias Fahn
Publikováno v:
American Economic Journal: Microeconomics. 11:1-32
We show that team formation can serve as an implicit commitment device to overcome problems of self-control. In a situation where individuals have present-biased preferences, any effort that is costly today but rewarded at some later point in time is
Publikováno v:
Journal of Financial Stability. 40:1-14
Banks use different risk management practices with varying levels of sophistication. This paper examines the factors that determine the choice of risk-management practices. In a theoretical model, we identify two main determinants for the choice of r
Autor:
Hendrik Hakenes, Eva Schliephake
Publikováno v:
SSRN Electronic Journal.
To maximize their impact, socially responsible households can invest responsibly (SRI), consume responsibly (SRC), or do both. The key question of this paper is, which mix of SRI and SRC leads to a desired impact with the lowest loss of utility for r
Autor:
Hendrik Hakenes
Publikováno v:
SSRN Electronic Journal.
During the COVID-19 pandemic, some goods suddenly became scarce due to panic purchases and stockpiling. The decision to hoard is influenced by higher-order beliefs. If an agent believes that other agents think that a good will become scarce, she conc
Publikováno v:
Credit and Capital Markets – Kredit und Kapital: Volume 55, Issue 1. 55:2-2
Autor:
Svetlana Katolnik, Hendrik Hakenes
Publikováno v:
Group Decision and Negotiation. 27:665-687
In a team formation model with endogenous team size, we show that overconfidence may dominate rationality by increasing agents’ individual payoffs in teams. If team members are overconfident in their own ability, effort levels increase and the free
Autor:
Svetlana Katolnik, Hendrik Hakenes
Publikováno v:
European Economic Review. 98:424-441
A new employee may work hard to build his reputation. This effect is greatest when he starts. The longer he is employed at his job, the more the firm will already have learned about his ability. The incentives for an employee to influence the firm’
Autor:
Hans-Peter Burghof, Hendrik Hakenes
Publikováno v:
Credit and Capital Markets – Kredit und Kapital: Volume 53, Issue 3. 53:305-306
Autor:
Hendrik Hakenes, Eva Schliephake
Publikováno v:
SSRN Electronic Journal.
To provide maturity transformation, banks need a deposit base – deposits that could be, but are not, withdrawn most of the time and are, thus, used for long-termlending. In a global-games environment, we show that a higher deposit base protects ban