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OverviewThe 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. Full Product DetailsAuthor: T.V.S. Ramamohan RaoPublisher: Springer, India, Private Ltd Imprint: Springer, India, Private Ltd Edition: Softcover reprint of the original 1st ed. 2016 Weight: 4.745kg ISBN: 9788132234463ISBN 10: 8132234464 Pages: 293 Publication Date: 23 August 2016 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of Contents1. Introduction.- 2. Conferences and Publications.- 3. Knowledge Intensity and Risk sharing.- 4. Information Asymmetry.- 5. Technology Transfer.- 6. Equity Participation.- 7. Cost Sharing.- 8. Warranties and Risk Sharing.- 9. Accident and Health Insurance.- 10. Securitization and Volatility.- 11. Foreign Institutional Investors and Regulatory Diligence.- 12. Financial Crisis and Regulatory Policy.- 13. Estimating the Parameters.- 14. Conclusion.ReviewsAuthor InformationDr. Rao has a PhD from the University of Southern California, Los Angeles. He was a professor at the Indian Institute of Technology, Kanpur from 1978 until 2007. He also taught at the University of Southern California, California State University at Long Beach and at the Kansas State University, Manhattan. He was a visiting professor at the University of Pennsylvania, Philadelphia and the University of Alberta, Edmonton. Dr. Rao published extensively in the areas of microeconomic theory, industrial organization and econometrics. Tab Content 6Author Website:Countries AvailableAll regions |
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