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We discuss the difficult question of measuring the effects of asymmetric information problems on resource allocation. Two of them are retained: moral hazard and adverse selection.
Persistent link: https://www.econbiz.de/10005618705
goal of this paper is to show a case where an excise tax levied on a certain insurance service is preferred to a poll tax …
Persistent link: https://www.econbiz.de/10005775499
Since CERCLA's legislation in the United States, extending the liability to banks in case of an environmental damage has been the main concern of many studies. Most of them show that this form of regulation cannot reach its two main objectives because it is not possible to simultaneously improve...
Persistent link: https://www.econbiz.de/10005618704
The first-order approach, which consists in replacing the incentive compatible constraint by the agent's first order condition, is widely used in agency problems where the principal cannot observe the level of effort chosen by the agent. This substitution is valid with the Monotone Likelihood...
Persistent link: https://www.econbiz.de/10005618707
Life and Health Insurance industry in Canada. …
Persistent link: https://www.econbiz.de/10005474677
There are numerous links, both direct and indirect, betwwen real estate markets and insurance products. One of the … diract links that has been the focus of much attention recently in the US is homeowners insurance, especially in hazard prone … areas. Another direct link not receiving as much attention is title insurance. This is surprising given that Fannie Mae now …
Persistent link: https://www.econbiz.de/10005474679
liability insurance as portrayed in the population and industry press induces insurers to change the way they price their …
Persistent link: https://www.econbiz.de/10005474683
This article follows a previous study on insurance fraud in the Quebec automobile insurance industry (Dionne and …
Persistent link: https://www.econbiz.de/10005618703
automobile insurance are examples of contracts that use memory. During the eighties different contributors (Lambert, 1983 …
Persistent link: https://www.econbiz.de/10005618718
estimation of the deposit insurance pricing model of Duan, Moreau and Sealey (1995). An empirical analysis is carried out on ten … produce large estiomates of the deposits insurance premia, when compared to the modified Ronnand Verma (1986) approach. …
Persistent link: https://www.econbiz.de/10005775500