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You searched for: label/principal-agent problem

Liquidity

problem that the price of what I own is lower than I would like, there is the problem of market thickness. This is a huge issue for traders who take…

A futile quest

problem: Measuring phantom patients Unlike the bundled product problem, the attribution problem does not afflict all measurements. We know, for example, exactly which hospitals and which surgeons performed bypass surgery…

Why Is Brazil Ahead of the US…fuel

…natural gas, other than the odd city bus or garbage truck in random municipalities? The answer is a simple but unpleasant one. See, we in the US would label the…

Housing Update

…considered almost risk-free because if the borrowers default, Fannie or Freddie will pay off the loans (assuming Fannie and Freddie remain solvent). Non-conforming loans go into pools known as private-label