En utilisant un modèle bivarié de décision dans le risque qui sépare les pertes financières des pertes de santé, nous analysons la demande de soins curatifs présentant un risque de santé ainsi que les déterminants du problème de surconsommation de soins. Nous étudions également la...

Suppose an entrepreneur needs funds from a financier to invest in a risky project whose cost is fixed, and whose return may be high or low. Suppose also that the project's realized return is an information that is private to the entrepreneur. If the amount the entrepreneur pays back to the...

This paper characterizes the optimal insurance contract in an environment where an informed agent can misrepresent the state of the world to a principal who cannot credibly commit to an auditing strategy. Because the principal cannot commit, the optimal strategy of the agent is not to tell the...