Search Results - subject:"Second-degree moral hazard"

Seductive subsidies? An analysis of second-degree moral hazard in the context of photovoltaic solar systems

Reins, Evert - 2021

This paper studies how subsidies for photovoltaic solar systems can lead to second-degree moral hazard - the impulse of … drivers of second-degree moral hazard as larger subsidy levels are associated with i) an increased measure of the expected …, for example during mandatory field inspections, as these reduce second-degree moral hazard. …

Persistent link: https://www.econbiz.de/10012609083

Seductive subsidies? An analysis of second-degree moral hazard in the context of photovoltaic solar systems

Reins, Evert - 2021 - this version: July 2021

This paper studies how subsidies for solar systems can lead to second-degree moral hazard - the impulse of installers … systems in California. The results are consistent with hypothesized drivers of second-degree moral hazard. First, larger …

Persistent link: https://www.econbiz.de/10012511620

On the Analysis of Moral Hazard Using Experimental Studies

Huber, Maria - In: Junior Management Science (JUMS) 5 (2020) 4, pp. 410-428

The term moral hazard generally implies individuals' tendency to exercise less effort into cost reduction if the negative consequences resulting from their actions are not borne by themselves. This paper analyzes using recent experimental studies under which circumstances moral hazard is likely...

Persistent link: https://www.econbiz.de/10014528859