The first scholars to propose, explicitly, that a theory of agency be created, and to actually begin its creation, were … theory of agency, and Mitnick for the institutional theory of agency, though the basic concepts underlying these approaches … origin and early years of the theory, placing its development in the context of other research in this area …

promised higher profitability partly because of better risk management made possible by advances in information technology and …. Because systemic risk cannot be fully privatized social insurance against it is inevitably a common pool (or open) resource …, which means that there is an incentive for financial units to over-extract in the form of excessive risk taking in the …

This paper analyses the political constraints of intergenerational risk sharing. The first result is that the political … PAYG still contributes to intergenerational risk sharing. The third result is that aging increases the discrepancy between …