Risk Sharing, Risk Spreading and Efficient Regulation (Hardcover, 1st ed. 2016)

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.

General

Imprint:	Springer, India, Private Ltd
Country of origin:	India
Release date:	November 2015
First published:	2016
Authors:	T. V. S Ramamohan Rao
Dimensions:	235 x 155 x 19mm (L x W x T)
Format:	Hardcover - Cloth over boards
Pages:	293
Edition:	1st ed. 2016
ISBN-13:	978-81-322-2561-4
Categories:	Books > Business & Economics > Economics > Microeconomics > General Books > Business & Economics > Economics > Econometrics > General Books > Business & Economics > Business & management > Ownership & organization of enterprises > General Books > Law > Laws of other jurisdictions & general law > Private, property, family law > Contract law Promotions
LSN:	81-322-2561-9
Barcode:	9788132225614

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