Boyer, Marcel; Laffont, Jean-Jacques - Centre Interuniversitaire de Recherche en Analyse des … - 1994
Environmental Protection Agency to recover cleanup costs caused by pollution damages from the liable parties. In particular, the … may insure the firm for the pollution risk and the bank may lend money for investment. Under complete information of the … law must be qualified because in general the bank suffers from agency problems (adverse selection and moral hazard) with …