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Long-Sighted Principal and Myopic Agents
We consider a long-lived principal, who can accumulate capital, and faces a sequence of myopic agents. For instance, a farsighted manager floats the shares of his firm... -
Liquidity and Risk Sharing Benefits from Opening an ETF Market with Liquidity...
International audience -
Liquidity and Risk Sharing Benefits from Opening an ETF Market with Liquidity...
International audience -
Evolving Informal Risk-Sharing Cooperatives and Other-Regarding Preferences
In this paper we present a model of formation and destruction of informal cooperatives in a population of agents who perform a risky activity and who are heterogeneous... -
Liquidity and Risk Sharing Benefits from Opening an ETF Market with Liquidity...
International audience
