On Optimal Insurance in the Presence of Moral Hazard
نویسنده
چکیده
This paper expounds on the importance of identifiabilty of subjective probabilities in agency theory with moral hazard. An application to insurance is examined.
منابع مشابه
انواع مخاطرات اخلاقی و پیامدهای آن بر بازار بیمه و نظام سلامت
Background: Insurance coverage has a tendency to alter the consumer and provider's behavior. Moral hazard is a serious problem in all risk pooling systems, such as insurance and taxes-based financial systems that cause negative consequences as increased costs in the health system. Therefore we decide, at this review article, to discuss about moral hazard, in different classifications and effect...
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