Estimation du taux de partage des risques dans les contrats État-industries spatiales

Jean-Pierre Florens and Nathalie Naffrichoux

Revue Économique, 1992, vol. 43, issue 5, 851-870

Abstract: [eng] A risk sharing rate estimation in government-spatial industries contracts. . The principal-agent model presented in this paper describes the design of contracts between a risk neutral principal and a risk averse subcontractor. To test the validity of the model we used data from passed contracts between the Centre national d'etudes spatiales and four french spatial industries. Two empirical tests were realised and lead to very close results. They show the implicit existence of slightly incentive contracts solving the tradeoff between risk sharing and moral hazard. [fre] Estimation du taux de partage des risques dans les contrats. Etat-industries spatiales. . L'article expose un modèle de contrat incitatif entre un principal neutre au risque et un sous-traitant ayant une aversion au risque. Deux tests empiriques de la validité de ce modèle sont réalisés à partir de données relatives à des contrats passés entre le Centre national d'études spatiales et quatre entreprises françaises portant sur les grands projets liés à des réalisations de satellites.

Date: 1992
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