Adverse selection analysis for profit and loss sharing contracts
Purpose – The purpose of this paper is to determine the optimal profit-and-loss sharing (PLS)-based contract when market frictions occur. Design/methodology/approach – This paper opts for an adverse selection analysis and Monte Carlo simulation to assess the less risky contract for the principa...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English English English |
| Published: |
Emerald Publishing
2019
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/77572/ http://irep.iium.edu.my/77572/ http://irep.iium.edu.my/77572/1/77572_Adverse%20selection%20analysis.pdf http://irep.iium.edu.my/77572/2/77572_Adverse%20selection%20analysis_WOS.pdf http://irep.iium.edu.my/77572/13/77572_Adverse%20selection%20analysis%20for%20profit%20and%20loss%20sharing%20contracts_Scopus.pdf |