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.
机构:
PenFed Credit Union, Mclean, VA USAPenFed Credit Union, Mclean, VA USA
Wu, Shenan
Goodwin, Barry K.
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机构:
North Carolina State Univ, Dept Agr Econ, Goodwin Box 8109, Raleigh, NC 27695 USA
North Carolina State Univ, Dept Econ, Raleigh, NC USAPenFed Credit Union, Mclean, VA USA
Goodwin, Barry K.
Coble, Keith
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机构:
Mississippi State Univ, Dept Agr Econ, Starkville, MS USAPenFed Credit Union, Mclean, VA USA