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A median voter model of health insurance with ex post moral hazard

Jawinsky, Johanna (contributor); Lundin, Douglas (contributor) - 2000 - [Elektronische Ressource]

One of the main features of health insurance is moral hazard, as defined by Pauly (1968); people face incentives for … excess utilization of medical care since they do not pay the full marginal cost for provision. To mitigate the moral hazard … public provision will lead to larger aggregate spending than private provision does. -- health insurance ; moral hazard …

Persistent link: https://www.econbiz.de/10001600016

Expropriation risk, governance control and equilibrium financial contract

Kang, Yeongjae - 1997

Persistent link: https://www.econbiz.de/10000959379

Risk sharing and firm size : theory and international evidence

Giannetti, Mariassunta (contributor) - 2001 - [Elektronische Ressource], Rev. November 6, 2001

This paper investigates the relationship between financial development and firm size. The model shows that the efficiency of the financial system, measured by the level of monitoring costs, affects the extent of risk sharing within an economy and through this channel the availability of external...

Persistent link: https://www.econbiz.de/10001622437

How government bond prices reflect wartime events : the case of the Stockholm market

Waldenström, Daniel (contributor); … - 2002 - [Elektronische Ressource]

How are political events reflected in financial asset prices? Break points in sovereign debt prices are analyzed for Denmark, Norway, Finland, Sweden, Germany and Belgium during 1930-1948, using unique data from the Stockholm Stock Exchange. Unlike in countries involved in WWII, this market was...

Persistent link: https://www.econbiz.de/10001638243