Risk Sharing, Risk Spreading and Efficient Regulation

Business & Finance, Economics, Microeconomics, Macroeconomics
Cover of the book Risk Sharing, Risk Spreading and Efficient Regulation by T.V.S. Ramamohan Rao, Springer India
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: T.V.S. Ramamohan Rao ISBN: 9788132225621
Publisher: Springer India Publication: October 22, 2015
Imprint: Springer Language: English
Author: T.V.S. Ramamohan Rao
ISBN: 9788132225621
Publisher: Springer India
Publication: October 22, 2015
Imprint: Springer
Language: English

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 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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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 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.

More books from Springer India

Cover of the book Agroforestry for the Management of Waterlogged Saline Soils and Poor-Quality Waters by T.V.S. Ramamohan Rao
Cover of the book Oxidative Stress Mechanisms and their Modulation by T.V.S. Ramamohan Rao
Cover of the book Benign Anorectal Disorders by T.V.S. Ramamohan Rao
Cover of the book Posterior Capsular Rent by T.V.S. Ramamohan Rao
Cover of the book Sensitivity of Mangrove Ecosystem to Changing Climate by T.V.S. Ramamohan Rao
Cover of the book Free Space Optical Communication by T.V.S. Ramamohan Rao
Cover of the book High Dimensional Neurocomputing by T.V.S. Ramamohan Rao
Cover of the book Parasitic Zoonoses by T.V.S. Ramamohan Rao
Cover of the book Water and Sanitation in the New Millennium by T.V.S. Ramamohan Rao
Cover of the book HPV and Head and Neck Cancers by T.V.S. Ramamohan Rao
Cover of the book Application of Evolutionary Algorithms for Multi-objective Optimization in VLSI and Embedded Systems by T.V.S. Ramamohan Rao
Cover of the book Globalization and Standards by T.V.S. Ramamohan Rao
Cover of the book Momordica genus in Asia - An Overview by T.V.S. Ramamohan Rao
Cover of the book Eco-friendly Polymer Nanocomposites by T.V.S. Ramamohan Rao
Cover of the book Psychological Perspectives on Childcare in Indian Indigenous Health Systems by T.V.S. Ramamohan Rao
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy