Article in a refereed journal:

Bruno Biais, Thomas Mariotti, Jean-Charles Rochet and Stéphane Villeneuve, "Large Risks, Limited Liability, and Dynamic Moral Hazard", Econometrica, vol. 78, n. 1, January 2010, p. 73-118. doi:10.3982/ECTA7261.

IDEI's theme of research

Insurance, Banking and Finance

JEL codes

C61: Optimization Techniques; Programming Models; Dynamic Analysis
D82: Asymmetric and Private Information
D86: Economics of Contract: Theory
D92: Intertemporal Firm Choice and Growth, Investment, or Financing

Research programs

SCOR CHAIR "Market Risk and Value Creation"

TSE Research Groups

Economic Theory

Thèmes de recherche SCOR

Risk Management of Large Environmental Risks