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Boadway, Robin; Leite-Monteiro, Manuel; Marchand, Maurice; … - 2002

This paper studies optimal linear income taxation and redistributive social insurance when the former has the traditional labor distortion and the latter generates both ex ante and ex post moral hazard. Private insurance is available and individuals differ in labor productivity and in loss...

Persistent link: https://www.econbiz.de/10011940629

Finanzmärkte und (soziale) Nachhaltigkeit – ein schwieriges Verhältnis

Hecker, Christian - In: Wirtschaftsdienst 96 (2016) 3, pp. 173-178

. Consequently, the distribution of wealth and income deteriorates inasmuch as people with high fortunes tend to have more …

Persistent link: https://www.econbiz.de/10011818694

Supplementary Insurance with Ex-Post Moral Hazard: Efficiency and Redistribution

Barigozzi, Francesca - 2004

This paper investigates the topping-up scheme in health insurance when both public and private firms use linear contracts. First, the case with identical consumers is analyzed. The optimal public coverage is derived both when the firms play simultaneously and when they play sequentially. In the...

Persistent link: https://www.econbiz.de/10011651415

Patient Cost-Sharing and Redistribution in Health Insurance

Klein, Tobias J.; Salm, Martin; Upadhyay, Suraj - 2024

Health insurance premiums often do not reflect individual health risks, implying redistribution from individuals with … redistribution and to lower welfare of high-risk individuals. This could be the case because more cost-sharing increases out … that was in place was a 350 euro deductible. Our counterfactual experiments show that redistribution would decrease when …

Persistent link: https://www.econbiz.de/10014534052

Pull yourself up by your bootstraps: Identifying procedural preferences against helping others in the presence of moral hazard

Staněk, Rostislav; Krčál, Ondřej; Čellárová, … - 2021

policies can make the society better off, but they may also create moral hazard. We use a laboratory experiment to examine two …

Persistent link: https://www.econbiz.de/10012604566

Motivated beliefs, social preferences, and limited liability in financial decision-making

Ahrens, Steffen; Bosch-Rosa, Ciril - 2022

Using a new experimental design, we compare how subjects form beliefs in an investor-client setup under varying degrees of liability. Our results reflect the importance of social preferences when making investment decisions for others. We show that when investors have no liability, those with...

Persistent link: https://www.econbiz.de/10013446639

Information exchange in laboratory markets: competition, transfer costs, and the emergence of reputation

Hoffmann, Roman; Kittel, Bernhard; Larsen, Mattias - In: Experimental Economics 24 (2020) 1, pp. 118-142

Public reputation mechanisms are an effective means to limit opportunistic behavior in markets suffering from moral hazard problems. While previous research was mostly concerned with the influence of exogenous feedback mechanisms, this study considers the endogenous emergence of reputation...

Persistent link: https://www.econbiz.de/10014503988

Bounded Rationality in Principal‐Agent Relationships

Erlei, Mathias; Schenk-Mathes, Heike - 2012

We conducted six treatments of a standard moral hazard experiment with hidden action. All treatments had identical Nash …). In the early periods of the experiment, behavior differed significantly between treatments. This difference largely …

Persistent link: https://www.econbiz.de/10010481554

Fairness and the optimal allocation of ownership rights

Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - 2005

We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...

Persistent link: https://www.econbiz.de/10010261192

Relational Contracts and the Nature of Market Interactions

Brown, Martin; Falk, Armin; Fehr, Ernst - 2003

We provide evidence that long-term relationships between trading parties emerge endogenously in the absence of third party enforcement of contracts and are associated with a fundamental change in the nature of market interactions. Without third party enforcement, the vast majority of trades are...

Persistent link: https://www.econbiz.de/10010261611

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