social value judgments and individuals’ risk preferences, the latter raising an empirical question about choices under …, raises further complications regarding the relationship between social judgments and individuals’ risk preferences …

. This paper explores the effect of such relief on incentives and the allocation of risk in a model with private insurance …

A significant source of risk arises from uncertainty concerning future government policy. Government action - - tax … preexisting rules. The effects of government relief - - compensation, grandfathering, phase-ins - - on ex ante incentives and risk …

. This paper explores the effect of such relief on incentives and the allocation of risk in a model with private insurance …