Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/principal-agent problem

The Real Problem With Ann Romney

…campaign, here vapidity, shallowness and utter self-absorption seem to me striking—and undeniable. When she talks about her own (very serious) medical problems, she gives no indication at all that she’s…

A Tense Problem

…she eats was made in either Canada or the United States. Fortunately, pet food—unlike its human equivalent—is required to be labeled with origin information. **You better believe I’m doing The…

Water

…(see above link) No water is a real problem. And not just an “I can’t water my lawn” problem. A”my city can’t generate electricity”, or “these millions of acres can…

Liquidity

…illiquid firm the problem isn’t that the assets were illiquid, the problem was that their market price was so low that firms couldn’t cover their liabilities by selling the assets….