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move together as in Adrian and Shin (2010), and iii) intermediaries increase their exposure to systematic risk as they … reduce their idiosyncratic risk through diversification, as in Acharya, Schnabl, and Suarez (2010). Under rational …
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We ask whether regulation can usefully supplement litigation in a model of optimal social control of harmful externalities. In our model, firms choose activity levels in addition to precautions. In contrast to the usual analysis, we assume that social returns to activity are higher than private...
Persistent link: https://www.econbiz.de/10014210429
move together as in Adrian and Shin (2010), and iii) intermediaries increase their exposure to systematic risk as they … reduce their idiosyncratic risk through diversification, as in Acharya, Schnabl, and Suarez (2010). Under rational …
Persistent link: https://www.econbiz.de/10012461542
move together as in Adrian and Shin (2010), and iii) intermediaries increase their exposure to systematic risk as they … reduce their idiosyncratic risk through diversification, as in Acharya, Schnabl, and Suarez (2010). Under rational …
Persistent link: https://www.econbiz.de/10013123980
through markets, and banks increase their exposure to systematic risk as they reduce idiosyncratic risk through …
Persistent link: https://www.econbiz.de/10013101652
through markets, and banks increase their exposure to systematic risk as they reduce idiosyncratic risk through …
Persistent link: https://www.econbiz.de/10013106906