This paper offers a model to formalize the economic theory of derivative actions developed during the last 30 years …. From this perspective, the derivative action presents two interrelated problems. The first is how to solve the collective … goal of derivative actions consists in increasing the shareholder's wealth, then its policy purpose can be summarized as …

This paper explores issues of pre-contractual disclosure for derivative instruments, of which this paper describes as … whether there should be a duty of disclosure for derivative instruments by comparing with securities law and insurance law … derivative instruments, though similar to insurance in certain regards, lack the inequality of knowledge issue underlying …

structure of the clearinghouse market, and the manner of clearinghouse regulation. In theory, a well-designed clearinghouse …

in the over-the-counter derivatives market. Reinsurers would bear a percentage of derivative participants' liability …

institutions and mitigate the systemic risk associated with derivative trading, especially trading in credit derivatives such as … value - on a frequent basis. The notional value of credit derivatives provides a gauge of the maximum amount the derivative … of a derivative's market value (it is unlikely that each contract in the portfolio would have to be settled for the full …