Risk-sharing or risk-taking? Counterparty risk, incentives and margins
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- Bruno Biais & Florian Heider & Marie Hoerova, 2016. "Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives, and Margins," Journal of Finance, American Finance Association, vol. 71(4), pages 1669-1698, August.
- Bruno Biais & Florian Heider & Marie Hoerova, 2016. "Risk-sharing or risk-taking? Counterparty-risk, incentives and margins," Post-Print halshs-01520953, HAL.
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More about this item
Keywordscounterparty risk; derivatives; Insurance; margin requirements; moral hazard;
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-BEC-2012-07-08 (Business Economics)
- NEP-CTA-2012-07-08 (Contract Theory & Applications)
- NEP-IAS-2012-07-08 (Insurance Economics)
- NEP-UPT-2012-07-08 (Utility Models & Prospect Theory)
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