insured individuals. Thus, the functioning of social norms depends crucially on information, in particular on what norm … enforcers are able to observe about an insured individual's behavior. Information is also decisive when distinguishing between …

. -- Moral hazard ; disability insurance ; work absence ; administrative rejection ; asymmetric information ; social norms …

information about the project at hand. This information is private and the agent uses it in his subsequent decision whether or not … to invest in a given project. In model A the agent’s effort to acquire information is exogenous, whereas in model E it is … problem; how much information to acquire and what investment decision to make. As a consequence, the equilibrium contracts in …

We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational …" conditions, no information is acquired and no investment made. In "sweet" conditions, investment is made "blindly", i.e. without … acquiring costly information. In intermediate, "normal" conditions, the decision-maker acquires information and conditions the …