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Optimality and Equilibrium in a Competitive Insurance Market Under Adverse Selection and Moral Hazard

Stiglitz, Joseph E. - 2013

This paper analyzes optimal and equilibrium insurance contracts under adverse selection and moral hazard, comparing them with those under a single informational asymmetry. The complex interactions of self-selection and moral hazard constraints have important consequences. We develop an analytic...

Persistent link: https://www.econbiz.de/10013077944

Private Versicherungskonten als Reformoption für die öffentliche Arbeitslosenversicherung

Bruttel, Oliver - In: Sozialer Fortschritt : unabhängige Zeitschrift für … 54 (2005) 12, pp. 290-296

Persistent link: https://www.econbiz.de/10003234973

The Effects of Extended Unemployment Insurance Over the Business Cycle : Evidence from Regression Discontinuity Estimates Over Twenty Years

Schmieder, Johannes F. - 2012

differential effects of UI in booms and recessions, this paper exploits the fact that, in Germany, potential UI benefit duration is …

Persistent link: https://www.econbiz.de/10013110942

Composition of Capital Flows : A Survey

Kirabaeva, Koralai - 2010

We survey several mechanisms that explain the composition of international capital flows: foreign direct investment, foreign portfolio investment and debt flows (bank loans and bonds). We focus on information frictions such as adverse selection and moral hazard, and exposure to liquidity shocks,...

Persistent link: https://www.econbiz.de/10013136735

Bonus Culture : Competitive Pay, Screening, and Multitasking

Bénabou, Roland - 2013

talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort … incentives downward in order to extract rents. More generally, as declining market frictions lead employers to compete more …, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …

Persistent link: https://www.econbiz.de/10013083622

The Economics of Carbon Offsets

Bushnell, James - 2014

Although international programs for carbon offsets play an important role in current and prospective climate-change policy, they continue to be very controversial. Asymmetric information creates several incentive problems, include adverse selection and moral hazard, in offset markets. The...

Persistent link: https://www.econbiz.de/10013069350

Disentangling Moral Hazard and Adverse Selection in Private Health Insurance

Powell, David - 2016

Moral hazard and adverse selection create inefficiencies in private health insurance markets and understanding the relative importance of each factor is critical for policy. We use claims data from a large firm to isolate moral hazard from plan selection. Previous studies have attempted to...

Persistent link: https://www.econbiz.de/10013001770

Mandated Health Insurance Benefits and the Utilization and Outcomes of Infertility Treatments

Bundorf, M. Kate - 2010

During the last two decades, the treatment of infertility has improved dramatically. These treatments, however, are expensive and rarely covered by insurance, leading many states to adopt regulations mandating that health insurers cover them. In this paper, we explore the effects of benefit...

Persistent link: https://www.econbiz.de/10012760464

Moral Hazard, Adverse Selection and Health Expenditures : A Semiparametric Analysis

Bajari, Patrick - 2010

Theoretical models predict asymmetric information in health insurance markets may generate inefficient outcomes due to adverse selection and moral hazard. However, previous empirical research has found it difficult to disentangle adverse selection from moral hazard in health care. We empirically...

Persistent link: https://www.econbiz.de/10012760723

Customers and Investors : A Framework for Understanding Financial Institutions

Merton, Robert C. - 2015

Financial institutions have both investors and customers. Investors, such as those who invest in stocks and bonds or private/public-sector guarantors of institutions, expect an appropriate risk-adjusted return in exchange for the financing and risk-bearing that they provide. Customers of a...

Persistent link: https://www.econbiz.de/10013021033

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