Risk Sharing, Risk Spreading and Efficient Regulation

En savoir plus sur le livre

Focusing on principal-agent models, the book explores the dynamics of risk sharing, risk spreading, and efficient regulation. It highlights the significance of information asymmetry in contracts, presenting an alternative to traditional transaction cost analysis. By examining the role of contracting as a means to manage risks, it reveals the transition from Coasian principles to a focus on risk sharing, addressing the complexities that arise from this shift and underscoring the necessity for effective regulatory frameworks at multiple levels.