Principal-Agent Contracts under the Threat of Insurance
نویسندگان
چکیده
منابع مشابه
The Threat of Insurance. On the Robustness of Principal-Agent Models
The traditional principal-agent model assumes that the principal o®ers an exclusive contract to the agent. This paper shows that the standard results are not robust to the introduction of additional contracting opportunities for the agent. We analyze equilibria of an extended game with the presence of additional players who might trade risk away from the agent. There are settings (and parameter...
متن کاملLong-Term Contracts Under the Threat of Supplier Default
C with suppliers prone to default is an increasingly common problem in some industries, particularly automotive manufacturing. We model this phenomenon as a two-period contracting game with two identical suppliers, a single buyer, deterministic demand, and uncertain production costs. The suppliers are distressed at the start of the game and do not have access to external sources of capital; hen...
متن کاملReview of the Non-Liability of the Insurer in Insurance Contracts under the Responsibility of Doctors and Physicians
The concept and effect of the condition of non-responsibility as one of the examples of reduced liability is lesser interest in insurance and existing laws. The ambiguity of the conditions of these terms and the referral of the condition of these terms to the particular circumstances of the insurance policy is critically criticized by the extension of the insurance contract and the superior tra...
متن کامل“the effect of risk aversion on the demand for life insurance: the case of iranian life insurance market”
abstract: about 60% of total premium of insurance industry is pertained?to life policies in the world; while the life insurance total premium in iran is less than 6% of total premium in insurance industry in 2008 (sigma, no 3/2009). among the reasons that discourage the life insurance industry is the problem of adverse selection. adverse selection theory describes a situation where the inf...
15 صفحه اولpricing unemployment insurance : the case of iran
employees always concern about losing their job , or in other word , losing their income resources. for this purpose, every government requires strong system for covering these concerns. the unemployment insurance (ui) program’s can be used for achieving this goal. in this thesis, we price ui based on the insurance history of employee and the duration of being unemployed. we use the weibull dis...
ذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Institutional and Theoretical Economics
سال: 2007
ISSN: 0932-4569
DOI: 10.1628/093245607781871372