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to vertically integrate when firms on both segments negotiate optimal contracts. We argue that tougher competition …
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schedules and a wide range of short-term employment contracts. …
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Contracts in Prospect and Retrospect" (2000). Papers discuss the New Institutional Economics; contract and economic organization …; the role of incomplete contracts in self-enforcing relationships; entrepreneurship, transaction cost economics, and the … design of contracts; the contract as economic trade; contract theory and theories of contract regulation; economic reasoning …
Persistent link: https://www.econbiz.de/10011073643
Two agents sequentially contracts with different principals under moral hazard. If agents care for one another, the …
Persistent link: https://www.econbiz.de/10010795028
This paper investigates the impact of health risk on insurance contract with hazard moral. We use a bi-dimensional utility function (wealth and health status). We prove that the type of health risk influences the equilibrium of insurance market. A full coverage is possible with moral hazard....
Persistent link: https://www.econbiz.de/10010861615
Hospital heterogeneity is a major issue in defining a reimbursement system. If hospitals are heterogeneous, it is difficult to distinguish which part of the differences in costs is due to cost containment efforts and which part cannot be reduced, because it is due to other unobserved sources of...
Persistent link: https://www.econbiz.de/10010706753
This article uses recent survey data from the Kayes area (Western Mali) to estimate the effect of migration and remittances on the technical efficiency of agricultural households. A theoretical model is developed, which shows that the more insurance is provided by the migrants, the less...
Persistent link: https://www.econbiz.de/10010706768