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"
SCOR CHAIR "Market Risk and Value Creation": Risk Management of Large Environmental Risks

TSE Research Groups

Economic Theory
Finance

Replaces