This paper considers the problem of identifi…cation and estimation in panel-data sample-selection models with a binary selection rule when the latent equations contain possibly predetermined variables, lags of the dependent variables, and unobserved individual effects. The selection equation...

In this paper, we use a Principal-Agent model (à la Holmström) to evaluate the economic impacts at imposing a tax on insurance payment resulting from an optimal contract in presence of moral hazard. We show that, in most cases, the tax generates a disincentive for the risk averse insured to...