One of the most significant economic developments of the past decade has been the development of innovative risk … risk …

Risk sharing is becoming an increasingly popular instrument to regulate the price of new drugs. In the recent past …, forms of risk-sharing agreements between the public regulator and the industry have been proposed and implemented, but their … and expected profit of several risk-sharing agreements between a regulator and the industry, based on the ex post …

the landlord does not face any risk of default of loan, if the insurance premium cost is fully borne by the landlord. But …

monitor managers and make sure they exert the effort necessary to reduce default risk. This gives rise to moral hazard. In …. If these become too high, investors give up on incentives, and default risk rises. Thus, moral hazard gives rise to … endogenous crises and fat tails in the distribution of aggregate default risk. Our model fits the stylized facts of the MBS …