Corporate insurance and managerial incentives

Journal of Economic Theory

Volumn 74, Issue 2, 1997, Pages 297-332

  Sung, Jaeyoung ^a  

^a UNIVERSITY OF ILLINOIS AT CHICAGO   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0031161161     PISSN: 00220531     EISSN: None     Source Type: Journal    
DOI: 10.1006/jeth.1996.2260     Document Type: Article

References (11)

1. Bodie Z., Kane A., Marcus A. J. Investments. 1993;Irwin, Homewood.
2. Bowers J. W., Hart B. C. General liability insurance. The Business Insurance Handbook. 1981;Dow Jones-Irwin, Homewood.
3. Brémaud P. Point Processes and Queues: Martingale Dynamics. 1981;Springer-Verlag, New York.
4. Davis M. H. A. Martingale methods in stochastic control. Kohlmann M., Vogel W. Stochastic Differential Systems. Lecture Notes in Control and Information Science. 16:1979;85-111 Springer-Verlag, New York.
5. Elliott R. J. Stochastic Calculus and Applications. 1982;Springer-Verlag, New York.
6. Heimer C. A. Reactive Risk and Rational Action: Managing Moral Hazard in Insurance Contracts. 1985;Univ. California Press, Berkeley.
7. Holmstrom B., Milgrom P. Aggregation and linearity in the provision of intertemporal incentives. Econometrica. 55:1987;303-328.
8. Mayers D., Smith C. W. Jr. On the corporate demand for insurance. J. Bus. 55:1982;281-296.
9. Mayers D., Smith C. W. Jr. The corporate insurance decision. Chase Financial Quart. 1982;47-65.
10. Schättler H., Sung J. The first-order approach to continuous-time principal agent problem with exponential utility. J. Econ. Theory. 61:1993;331-371.
11. Thakor A. An exploration of competitive signalling equilibria with "third party" information production: The case of debt insurance. J. Finance. 37:1982;717-739.