Risk Sharing, Risk Spreading and Efficient Regulation T V S Ramamohan Rao

ISBN: 9788132225614

Published: October 30th 2015

Hardcover

293 pages


Description

Risk Sharing, Risk Spreading and Efficient Regulation  by  T V S Ramamohan Rao

Risk Sharing, Risk Spreading and Efficient Regulation by T V S Ramamohan Rao
October 30th 2015 | Hardcover | PDF, EPUB, FB2, DjVu, talking book, mp3, RTF | 293 pages | ISBN: 9788132225614 | 10.25 Mb

The book provides an integrated approach to risk sharing, risk spreading and efficient regulation through principal agent models. It emphasizes the role of information asymmetry and risk sharing in contracts as an alternative to transaction costMoreThe book provides an integrated approach to risk sharing, risk spreading and efficient regulation through principal agent models.

It emphasizes the role of information asymmetry and risk sharing in contracts as an alternative to transaction cost considerations.It examines how contracting, as an institutional mechanism to conduct transactions, spreads risks while attempting consolidation. It further highlights the shifting emphasis in contracts from Coasian transaction cost saving to risk sharing and shows how it creates difficulties associated with risk spreading, and emphasizes the need for efficient regulation of contracts at various levels.Each of the chapters is structured using a principal agent model, and all chapters incorporate adverse selection (and exogenous randomness) as a result of information asymmetry, as well as moral hazard (and endogenous randomness) due to the self-interest-seeking behavior on the part of the participants.



Enter the sum





Related Archive Books



Related Books


Comments

Comments for "Risk Sharing, Risk Spreading and Efficient Regulation":


thefungiforager.com

©2008-2015 | DMCA | Contact us