The public management of risk: Separating ex ante and ex post monitors

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N ° 2009 - 20 The public management of risk : Separating ex ante and ex post monitors

When a firm undertakes risky activities, the conflict between social and private incentives to exercise safety care requires public intervention. This control takes the form of both monetary incentives but also monitoring taking place either ex ante or ex post, i.e., before or after an accident occurs. We delineate the respective scopes of these monitoring activities when public monitors are ei...

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A strong correlated equilibrium is a strategy pro le that is immune to joint deviations. Di erent notions of strong correlated equilibria were de ned in the literature. One major di erence among those de nitions is the stage in which coalitions can plan a joint deviation: before (ex-ante) or after (ex-post) the deviating players receive their part of the correlated pro le. In this paper we prov...

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ژورنال

عنوان ژورنال: Journal of Public Economics

سال: 2010

ISSN: 0047-2727

DOI: 10.1016/j.jpubeco.2010.07.005