Hartman‐Glaser et al., 2020 - Google Patents
The insurance is the lemon: Failing to index contractsHartman‐Glaser et al., 2020
View PDF- Document ID
- 8682571256309406914
- Author
- Hartman‐Glaser B
- Hébert B
- Publication year
- Publication venue
- The Journal of Finance
External Links
Snippet
We model the widespread failure of contracts to share risk using available indices. A borrower and lender can share risk by conditioning repayments on an index. The lender has private information about the ability of this index to measure the true state that the borrower …
- 235000005979 Citrus limon 0 title description 4
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