On Optimal Insurance in the Presence of Moral Hazard

被引:0
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作者
Edi Karni
机构
[1] Johns Hopkins University,Department of Economics
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关键词
moral hazard; agency theory; subjective probabilities;
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摘要
This paper expounds on the importance of identifiabilty of subjective probabilities in agency theory with moral hazard. An application to insurance is examined.
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页码:1 / 18
页数:17
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