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 Group
Finance
Thèmes de recherche SCOR
Risk Management of Large Environmental Risks
Replaces
Bruno Biais, Thomas Mariotti, Jean-Charles Rochet and Stéphane Villeneuve, "Large Risks, Limited Liability and Dynamic Moral Hazard", IDEI Working Paper, n. 472, August 2007, revised September 2009.