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You searched for: label/principal-agent problem

Fixing Monopolistic Utilities

…oversight — solving the free-rider/coordination problem (in principal-agent jargon) of monitoring utilities. 2. Insurance companies would pay for future problems, which reduces the problem with ex-post rate increases to fix…

Macroeconomics: en route

…I believe that he succeeded. There was no shortage of criticism at the INET conference. Joseph Stiglitz reiterated the sharp divergence between representative agent models and reality. James Galbraith went…