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This paper studies incentives provision when agents are characterized either by homo moralis preferences, i.e., their utility is represented by a convex combination of selfish preferences and Kantian morality, or by altruism. In a moral hazard in a team setting with two agents whose efforts...
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savings accounts – UISAs) as a main source of financing and complementing it by solidarity funding; (ii) simplifying …
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We derive the shape of optimal unemployment insurance (UI) contracts when agents can exert search effort but face different search costs and have private information about their type. We derive a recursive solution of our dynamic adverse selection problem with repeated moral hazard. Conditions...
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-insurance (via unemployment insurance savings accounts), complemented by solidarity funding, as a key source of financing; by …
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