Moral Hazard

In the linear coinsurance problem, examined Örst by Mossin (1968), a higher risk aversion with respect to…
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Incentivizing unobservable effort in risky environments, such as in insurance, credit, and labor markets, is vital as…
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Using a balanced sample of workers from the NHIS, we estimate of the impact of paid sick…
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We provide an equilibrium asset pricing formula under moral hazard on the assumption of a power utility…
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We analyze asymmetric information in private long-term disability insurance. With a unique dataset including both group and…
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This paper studies the design of health insurance with ex post moral hazard, when there is imperfect…
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This paper provides a new rationale for macroprudential regulation and studies its optimal design, implementation, and distributional…
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In the research works, moral hazard is usually represented in two natural states (accident and no accident).…
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In this paper we investigate the local risk-minimization approach for a combined financial-insurance model where there are…
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The purpose of this paper is to challenge the conventional theory of moral hazard and adverse selection.…
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This paper analyzes how biased beliefs about employment prospects affect the optimal design of unemployment insurance. Empirically,…
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Health insurance may lead individuals to overconsume medical care. Many studies explore this moral hazard using models…
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This paper uses discrete choice and count data models to analyze the effects of a tax on…
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This paper provides a tractable framework to study optimal risk sharing between an investor and a firm…
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We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off…
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This paper is a contribution to the stream of research devoted to find empirical evidence of asymmetric…
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We use employee-level panel data from a single firm to explore the possibility that individuals may select…
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Subsidized insurance premiums are present in nearly all public and some private insurance systems. Such subsidies are…
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Theoretical models predict asymmetric information in health insurance markets may generate inefficient outcomes due to adverse selection…
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Securitization is one of the most important innovations in financial markets. It is a process of converting…
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Managers often have discretion over disclosures upon which their compensation may depend. This suggests that a manager’s…
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Not only does economic theory predict high-risk individuals to be more likely to purchase insurance, but insurance…
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The size of adverse selection and moral hazard effects in health insurance markets has important policy implications.…
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