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The Hold-up Problem and Incomplete Contracts: A Survey of Recent Topics in Contract Theory
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Cited by:
- Christopher T. Wonnell, 2011. "Unjust Enrichment and Quasi-Contracts," Chapters, in: Gerrit De Geest (ed.), Contract Law and Economics, chapter 21, Edward Elgar Publishing.
- B. Boockmann & Paul Thurner, 2006.
"Flexibility provisions in multilateral environmental treaties,"
International Environmental Agreements: Politics, Law and Economics, Springer, vol. 6(2), pages 113-135, June.
- Boockmann, Bernhard & Thurner, Paul W., 2002. "Flexibility Provisions in Multilateral Environmental Treaties," ZEW Discussion Papers 02-44, ZEW - Leibniz Centre for European Economic Research.
- Yin-Fang Zhang & David Parker & Colin Kirkpatrick, 2008.
"Electricity sector reform in developing countries: an econometric assessment of the effects of privatization, competition and regulation,"
Journal of Regulatory Economics, Springer, vol. 33(2), pages 159-178, April.
- Zhang, Yin-Fang & Kirkpatrick, Colin & Parker, David, 2002. "Electricity Sector Reform in Developing Countries: An Econometric Assessment of the Effects of Privatisation, Competition and Regulation," Centre on Regulation and Competition (CRC) Working papers 30593, University of Manchester, Institute for Development Policy and Management (IDPM).
- Campbell, Neil, 2001. "Quality Bargaining and Intermediate Goods Protection," Bulletin of Economic Research, Wiley Blackwell, vol. 53(2), pages 135-142, April.
- Zhang, Yinfang & Parker, David & Kirkpatrick, Colin, 2005.
"Competition, regulation and privatisation of electricity generation in developing countries: does the sequencing of the reforms matter?,"
The Quarterly Review of Economics and Finance, Elsevier, vol. 45(2-3), pages 358-379, May.
- Zhang, Yingang & Parker, David & Kirkpatrick, Colin, 2004. "Competition, Regulation and Privatisation of Electricity Generation in Developing Countries: Does the Sequencing of the Reforms Matter?," Centre on Regulation and Competition (CRC) Working papers 30599, University of Manchester, Institute for Development Policy and Management (IDPM).
- Sami, Hind, 2009.
"Random monitoring in financing relationships,"
The Quarterly Review of Economics and Finance, Elsevier, vol. 49(2), pages 239-252, May.
- H. Sami, 2006. "Random monitoring in financing relationships," Post-Print hal-00260908, HAL.
- H. Sami, 2009. "Random monitoring in financing relationships," Post-Print hal-00325260, HAL.
- Hind Sami, 2009. "Random monitoring in financing relationships," Post-Print halshs-00522629, HAL.
- H. Sami, 2006. "Random monitoring in financing relationships," Post-Print hal-00260909, HAL.
- H. Sami, 2006. "Random monitoring in financing relationships," Post-Print hal-00260915, HAL.
- Schmitz, Patrick W., 2008.
"Incomplete contracts, the hold-up problem, and asymmetric information,"
Economics Letters, Elsevier, vol. 99(1), pages 119-122, April.
- Schmitz, Patrick W., 2007. "Incomplete Contracts, the Hold-Up Problem and Asymmetric Information," CEPR Discussion Papers 6322, C.E.P.R. Discussion Papers.
- Cécile Cézanne, 2018.
"The Governance of Human Capital-Intensive Firms: A Motivational Issue,"
Post-Print
hal-01942333, HAL.
- Cécile Cézanne, 2019. "The Governance of Human Capital-Intensive Firms: A Motivational Issue," Post-Print hal-02365177, HAL.
- Olivier Habimana, 2016. "From Coase to Williamson: Evolution, Formalization and Empirics of Transaction Cost Economics," Journal of Social Economics, Research Academy of Social Sciences, vol. 3(1), pages 36-42.
- Stephanie Rosenkranz & Patrick W. Schmitz, 2007.
"Can Coasean Bargaining Justify Pigouvian Taxation?,"
Economica, London School of Economics and Political Science, vol. 74(296), pages 573-585, November.
- Rosenkranz, Stephanie & Schmitz, Patrick W., 2004. "Can Coasean Bargaining Justify Pigouvian Taxation?," CEPR Discussion Papers 4263, C.E.P.R. Discussion Papers.
- Rosenkranz, Stephanie & Schmitz, Patrick W., 2006. "Can Coasean bargaining justify Pigouvian taxation?," Bonn Econ Discussion Papers 7/2006, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Hojin Jung, 2016. "Renegotiation on incomplete procurement contracts," Applied Economics, Taylor & Francis Journals, vol. 48(23), pages 2125-2138, May.
- Bernhard Ganglmair, 2008. "Breakup of Repeat Transaction Contracts, Specific Investment, and Efficient Rent-Seeking," JEPS Working Papers 08-001, JEPS.
- Daniel Cardona & Antoni Rubí-Barceló, 2013. "Investments in managerial skills and bargaining over inputs," DEA Working Papers 54, Universitat de les Illes Balears, Departament d'Economía Aplicada.
- Aisbett Emma & Karp Larry & McAusland Carol, 2010.
"Compensation for Indirect Expropriation in International Investment Agreements: Implications of National Treatment and Rights to Invest,"
Journal of Globalization and Development, De Gruyter, vol. 1(2), pages 1-35, December.
- Emma Aisbett & Larry Karp & Carol McAusland, 2010. "Compensation for Indirect Expropriation in International Investment Agreements: Implications of National Treatment and Rights to Invest," CEPR Discussion Papers 648, Centre for Economic Policy Research, Research School of Economics, Australian National University.
- Jose De Sousa & Xavier Fairise, 2013.
"On the value of partial commitment for cooperative investment in buyer-supplier relationship,"
TEPP Working Paper
2013-08, TEPP.
- José de Sousa & Xavier Fairise, 2013. "On the value of partial commitment for cooperative investment in buyer–supplier relationship," Post-Print hal-04329719, HAL.
- José de Sousa & Xavier Fairise, 2013. "On the value of partial commitment for cooperative investment in buyer-supplier relationship," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00870060, HAL.
- José de Sousa & Xavier Fairise, 2013. "On the value of partial commitment for cooperative investment in buyer-supplier relationship," Working Papers halshs-00870060, HAL.
- Shively, David & Parcell, Joesph, 2014. "The Market Effects of Low Oligosaccharide Soybeans," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162549, Southern Agricultural Economics Association.
- Lyons, Sean & FitzGerald, John & McCarthy, Niamh & Malaguzzi Valeri, Laura & Tol, Richard S. J., 2007. "Preserving Electricity Market Efficiency While Closing Ireland's Capacity Gap," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI), vol. 2007(3-Autumn), pages 62-82.
- Benjamin E. Hermalin & Michael L. Katz, 2009.
"Information and the hold‐up problem,"
RAND Journal of Economics, RAND Corporation, vol. 40(3), pages 405-423, September.
- Hermalin, Benjamin E. & Katz, Michael L, 2009. "Information and the Hold-Up Problem," Department of Economics, Working Paper Series qt782315gb, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Schmitz, Patrick W., 2012.
"The hold-up problem, innovations, and limited liability,"
Economics Letters, Elsevier, vol. 117(3), pages 841-843.
- Schmitz, Patrick W., 2012. "The hold-up problem, innovations, and limited liability," CEPR Discussion Papers 9050, C.E.P.R. Discussion Papers.
- Schmitz, Patrick W., 2012. "The hold-up problem, innovations, and limited liability," MPRA Paper 43407, University Library of Munich, Germany.
- Richard R.W. Brooks, 2016. "The holdup game," Chapters, in: Claude Ménard & Elodie Bertrand (ed.), The Elgar Companion to Ronald H. Coase, chapter 10, pages 131-147, Edward Elgar Publishing.
- Ronen Avraham & Zhiyong Liu, 2006. "Incomplete Contracts with Asymmetric Information: Exclusive Versus Optional Remedies," American Law and Economics Review, American Law and Economics Association, vol. 8(3), pages 523-561.
- Schmitz, Patrick W., 2010.
"Contractual solutions to hold-up problems with quality uncertainty and unobservable investments,"
Journal of Mathematical Economics, Elsevier, vol. 46(5), pages 807-816, September.
- Schmitz, Patrick W., 2009. "Contractual solutions to hold-up problems with quality uncertainty and unobservable investments," CEPR Discussion Papers 7584, C.E.P.R. Discussion Papers.
- Schmitz, Patrick W., 2010. "On contractual solutions to hold-up problems with quality uncertainty and unobservable investments," MPRA Paper 23157, University Library of Munich, Germany.
- Marina Halac, 2015. "Investing in a relationship," RAND Journal of Economics, RAND Corporation, vol. 46(1), pages 165-185, March.
- Wu, Steven Y., 2021. "Determinants of Relational Contract Performance: Experimental Evidence," 2021 Allied Social Sciences Association (ASSA) Annual Meeting (Virtual), January 3-5, 2021, San Diego, California 308455, Agricultural and Applied Economics Association.
- Molina, Renato & Costello, Christopher & Kaffine, Daniel, 2024. "Sharing and expanding the co-benefits of conservation," Ecological Economics, Elsevier, vol. 218(C).
- Yildiz, Özgür, 2016. "Public-private partnerships, incomplete contracts, and distributional fairness – when payments matter," MPRA Paper 74552, University Library of Munich, Germany.
- Shantia, Ali & Aflaki, Sam & Masini, Andrea, 2021. "Contracting for technology improvement: The effect of asymmetric bargaining power and investment uncertainty," European Journal of Operational Research, Elsevier, vol. 293(2), pages 481-494.
- José Sousa & Xavier Fairise, 2014.
"On the value of partial commitment for cooperative investment in buyer–supplier relationship,"
Journal of Economics, Springer, vol. 111(2), pages 151-171, March.
- Jose De Sousa & Xavier Fairise, 2013. "On the value of partial commitment for cooperative investment in buyer-supplier relationship," TEPP Working Paper 2013-08, TEPP.
- José de Sousa & Xavier Fairise, 2013. "On the value of partial commitment for cooperative investment in buyer-supplier relationship," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00870060, HAL.
- José de Sousa & Xavier Fairise, 2013. "On the value of partial commitment for cooperative investment in buyer-supplier relationship," Working Papers halshs-00870060, HAL.
- David Bartolini, 2010. "Separation of Regulatory Powers When Contracts Are Incomplete," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(2), pages 225-247, April.
- Valeria Gattai & Piergiovanna Natale, 2014. "Joint Ventures and the Property Rights Theory of the Firm: a Review of the Literature," Working Papers 287, University of Milano-Bicocca, Department of Economics, revised Dec 2014.
- Alan Schwartz, 2004.
"The Law and Economics of Costly Contracting,"
The Journal of Law, Economics, and Organization, Oxford University Press, vol. 20(1), pages 2-31, April.
- Alan Schwartz & Joel Watson, "undated". "The Law and Economics of Costly Contracting," Yale Law School John M. Olin Center for Studies in Law, Economics, and Public Policy Working Paper Series yale_lepp-1004, Yale Law School John M. Olin Center for Studies in Law, Economics, and Public Policy.
- Harrison, Mark & Markevich, Andrei, 2007.
"Quantity Versus Quality in the Soviet Market for Weapons,"
Economic Research Papers
269771, University of Warwick - Department of Economics.
- Mark Harrison & Andrei Markevich, 2007. "Quantity Versus Quality in the Soviet Market for Weapons," Working Papers w0109, New Economic School (NES).
- Harrison, Mark & Markevich, Andrei, 2007. "Quantity Versus Quality in the Soviet Market for Weapons," The Warwick Economics Research Paper Series (TWERPS) 822, University of Warwick, Department of Economics.
- Mark Harrison & Andrei Markevich, 2007. "Quantity Versus Quality in the Soviet Market for Weapons," Working Papers w0109, Center for Economic and Financial Research (CEFIR).
- Alan Schwartz & Robert Scott, "undated". "Contract Theory and the Limits of Contract Law," Yale Law School John M. Olin Center for Studies in Law, Economics, and Public Policy Working Paper Series yale_lepp-1011, Yale Law School John M. Olin Center for Studies in Law, Economics, and Public Policy.
- Aslan, Hadiye, 2020. "Shareholders versus stakeholders in investor activism: Value for whom?," Journal of Corporate Finance, Elsevier, vol. 60(C).
- Schmitz, Patrick W., 2000.
"On the joint use of liability and safety regulation,"
International Review of Law and Economics, Elsevier, vol. 20(3), pages 371-382, September.
- Schmitz, Patrick W., 2000. "On the Joint Use of Liability and Safety Regulation," MPRA Paper 12536, University Library of Munich, Germany.
- Steven Walt, 2011. "Penalty Clauses and Liquidated Damages," Chapters, in: Gerrit De Geest (ed.), Contract Law and Economics, chapter 10, Edward Elgar Publishing.
- Parker, David & Kirkpatrick, Colin, 2002. "Researching Economic Regulation in Developing Countries: Developing a Methodology for Critical Analysis," Centre on Regulation and Competition (CRC) Working papers 30665, University of Manchester, Institute for Development Policy and Management (IDPM).
- Aisbett, Emma & Karp, Larry & McAusland, Carol, 2006.
"Regulatory Takings and Environmental Regulation in NAFTA's Chapter 11,"
Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series
qt1qh5j6dv, Department of Agricultural & Resource Economics, UC Berkeley.
- Aisbett, Emma & Karp, Larry S. & McAusland, Carol, 2006. "Regulatory Takings and Environmental Regulation in NAFTA's Chapter 11," CUDARE Working Papers 7195, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Angelo Castaldo & Elisabetta Conte & Gianluigi Galeotti, 2014. "Asymmetric Information and Opportunistic Behaviour in Ex Ante Contract Negotiations: Precontractual Liability Regime," Public Finance Research Papers 8, Istituto di Economia e Finanza, DSGE, Sapienza University of Rome.
- Antonio Nicita & Ugo Pagano, 2005. "Incomplete Contracts and Institutions," Chapters, in: Jürgen G. Backhaus (ed.), The Elgar Companion to Law and Economics, Second Edition, chapter 10, Edward Elgar Publishing.
- Patrick W. Schmitz, 2006.
"Information Gathering, Transaction Costs, and the Property Rights Approach,"
American Economic Review, American Economic Association, vol. 96(1), pages 422-434, March.
- Schmitz, Patrick W., 2005. "Information Gathering, Transaction Costs and the Property Rights Approach," CEPR Discussion Papers 5417, C.E.P.R. Discussion Papers.
- Antonio Nicita & Massimiliano Vatiero, 2009. "Incomplete Contracts, Irreversible Investments and Entry Deterrence," Department of Economics University of Siena 566, Department of Economics, University of Siena.
- Yadi Yang, 2021. "A Survey Of The Hold‐Up Problem In The Experimental Economics Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 35(1), pages 227-249, February.
- Bester, Helmut, 2013.
"Investments and the holdup problem in a matching market,"
Journal of Mathematical Economics, Elsevier, vol. 49(4), pages 302-311.
- Bester, Helmut, 2009. "Investments and the Holdup Problem in a Matching Market," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 263, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Bester, Helmut, 2009. "Investments and the holdup problem in a matching market," Discussion Papers 2009/7, Free University Berlin, School of Business & Economics.
- Bester, Helmut, 2009. "Investments and the Holdup Problem in a Matching Market," CEPR Discussion Papers 7332, C.E.P.R. Discussion Papers.
- Patrick W. Schmitz, 2001.
"Partial Privatization and Incomplete Contracts: The Proper Scope of Government Reconsidered,"
FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 57(4), pages 394-411, August.
- Schmitz, Patrick W., 2000. "Partial Privatization and Incomplete Contracts: The Proper Scope of Government Reconsidered," MPRA Paper 13447, University Library of Munich, Germany.
- Yin-Fang Zhang & David Parker & Colin Kirkpatrick, 2005.
"Assessing the Effects of Privatisation, Competition and Regulation on Economic Performance : The Case of Electricity Sector Reform,"
Development Economics Working Papers
22589, East Asian Bureau of Economic Research.
- Yin-Fang Zhang & David Parker & Colin Kirkpatrick, 2005. "Assessing the Effects of Privatisation, Competition and Regulation on Economic Performance: The Case of Electricity Sector Reform," SCAPE Policy Research Working Paper Series 0511, National University of Singapore, Department of Economics, SCAPE.
- Colin Kirkpatrick & David Parker, 2005. "Domestic Regulation and the WTO: The Case of Water Services in Developing Countries," The World Economy, Wiley Blackwell, vol. 28(10), pages 1491-1508, October.
- Valeria Gattai & Piergiovanna Natale, 2017. "A New Cinderella Story: Joint Ventures And The Property Rights Theory Of The Firm," Journal of Economic Surveys, Wiley Blackwell, vol. 31(1), pages 281-302, February.
- David Parker & Colin Kirkpatrick, 2004. "Economic regulation in developing countries: a framework for critical analysis," Chapters, in: Paul Cook & Colin Kirkpatrick & Martin Minogue & David Parker (ed.), Leading Issues in Competition, Regulation and Development, chapter 4, Edward Elgar Publishing.
- Rosenkranz, Stephanie & Schmitz, Patrick W., 2003.
"Optimal allocation of ownership rights in dynamic R&D alliances,"
Games and Economic Behavior, Elsevier, vol. 43(1), pages 153-173, April.
- Rosenkranz, Stephanie & Schmitz, Patrick W., 2001. "Optimal Allocation of Ownership Rights in Dynamic R&D Alliances," CEPR Discussion Papers 2698, C.E.P.R. Discussion Papers.
- Cardona, Daniel & Rubí-Barceló, Antoni, 2014. "Investments and bargaining in a model with positive consumption externalities," Journal of Economic Behavior & Organization, Elsevier, vol. 108(C), pages 78-93.
- Rosenkranz, Stephanie & Schmitz, Patrick W., 2001. "Vertikale Unternehmenskooperationen," MPRA Paper 6930, University Library of Munich, Germany.
- Dieter Balkenborg & Todd Kaplan & Timothy Miller, 2012.
"A Simple Economic Teaching Experiment on the Hold-Up Problem,"
The Journal of Economic Education, Taylor & Francis Journals, vol. 43(4), pages 377-385, October.
- Balkenborg, Dieter & Kaplan, Todd R & Miller, Tim, 2010. "A simple economic teaching experiment on the hold-up problem," MPRA Paper 24772, University Library of Munich, Germany.
- Alberto Bacchiega & Gianni De Fraja, 2004.
"Constitutional Design and Investment in Cooperatives and Investor‐Owned Enterprises,"
Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 75(2), pages 265-293, June.
- Alberto Bacchiega & Gianni De Fraja, "undated". "Constitutional Design and Investment in Cooperatives and Investor-Owned Enterprises," Discussion Papers 99/5, Department of Economics, University of York.
- James H. Love, 2010. "Opportunism, Hold-Up and the (Contractual) Theory of the Firm," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 166(3), pages 479-501, September.
- Chaserant, Camille, 2007.
"Les fondements incomplets de l’incomplétude : Une revue critique de la théorie des contrats incomplets,"
L'Actualité Economique, Société Canadienne de Science Economique, vol. 83(2), pages 227-253, juin.
- Camille Chaserant, 2007. "Les fondements incomplets de l’incomplétude. Une revue critique de la théorie des contrats incomplets," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01297143, HAL.
- Camille Chaserant, 2007. "Les fondements incomplets de l’incomplétude. Une revue critique de la théorie des contrats incomplets," Post-Print halshs-01297143, HAL.
- Daniel Danau, 2019. "Contract law and Contract theory. A survey and some considerations," Economics Working Paper Archive (University of Rennes & University of Caen) 2019-04, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
- Nisvan Erkal & Steven Y. Wu & Brian E. Roe, 2022. "Correction to: Putting relational contract theory to the test: experimental evidence," Experimental Economics, Springer;Economic Science Association, vol. 25(1), pages 140-140, February.
- Wu, Steven Y., 2013. "Adapting Contract Theory to Fit Contract Farming," 2014 Allied Social Sciences Association (ASSA) Annual Meeting, January 3-5, 2014, Philadelphia, PA 161894, Agricultural and Applied Economics Association.
- Ali Shantia & Sam Aflaki & Andrea Masini, 2015. "Energy Efficiency Contracting in Supply Chains Under Asymmetric Bargaining Power," Working Papers hal-02002717, HAL.
- Roig, Guillem, 2014. "Competition and the Hold‐U p Problem: a Setting with Non‐exclusive Contracts," TSE Working Papers 14-481, Toulouse School of Economics (TSE).
- Steven Y. Wu, 2014. "Adapting Contract Theory to Fit Contract Farming," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 96(5), pages 1241-1256.
- Susanna P. Campbell & Aila M. Matanock, 2024. "Weapons of the weak state: How post-conflict states shape international statebuilding," The Review of International Organizations, Springer, vol. 19(3), pages 469-513, September.
- Matthias Kräkel, 2016. "Human Capital Investment and Work Incentives," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 25(3), pages 627-651, September.
- Evelina Mengova, 2014. "Quality of Institutions and Outsourcing," International Economic Journal, Taylor & Francis Journals, vol. 28(4), pages 639-659, December.
- Nisvan Erkal & Steven Y. Wu & Brian E. Roe, 2022. "Putting relational contract theory to the test: experimental evidence," Experimental Economics, Springer;Economic Science Association, vol. 25(1), pages 111-139, February.
- Ian Smith, 2003. "The Law and Economics of Marriage Contracts," Journal of Economic Surveys, Wiley Blackwell, vol. 17(2), pages 201-226, April.
- Castaneda, Marco A., 2006. "The hold-up problem in a repeated relationship," International Journal of Industrial Organization, Elsevier, vol. 24(5), pages 953-970, September.
- Claude V. Chang, 2004. "Telecommunications in Guyana: from state ownership to de-monopolization?," Chapters, in: Paul Cook & Colin Kirkpatrick & Martin Minogue & David Parker (ed.), Leading Issues in Competition, Regulation and Development, chapter 21, Edward Elgar Publishing.
- Shantia , Ali & Aflaki , Sam & Masini , Andrea, 2015. "Energy Efficiency Contracting in Supply Chains Under Asymmetric Bargaining Power," HEC Research Papers Series 1106, HEC Paris.
- Alan Schwartz & Joel Watson, "undated".
"The Law and Economics of Costly Contracting,"
Yale Law School John M. Olin Center for Studies in Law, Economics, and Public Policy Working Paper Series
yale_lepp-1004, Yale Law School John M. Olin Center for Studies in Law, Economics, and Public Policy.
- Schwartz, Alan & Watson, Joel, 2001. "The Law and Economics of Costly Contracting," University of California at San Diego, Economics Working Paper Series qt2wh8m7bv, Department of Economics, UC San Diego.
- Robert S. Steigerwald, 2015. "Central Counterparty Clearing and Systemic Risk Regulation," World Scientific Book Chapters, in: Anastasios G Malliaris & William T Ziemba (ed.), THE WORLD SCIENTIFIC HANDBOOK OF FUTURES MARKETS, chapter 7, pages 181-246, World Scientific Publishing Co. Pte. Ltd..
- Andrei Markevich & Mark Harrison, 2006. "Quality, experience, and monopoly: the Soviet market for weapons under Stalin," Economic History Review, Economic History Society, vol. 59(1), pages 113-142, February.
- J François Outreville, 2010. "The Geneva Risk and Insurance Review 2009: In Quest of Behavioural Insurance," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 35(3), pages 484-497, July.