We develop a theoretical model of input use by agricultural producers who purchase crop insurance, and thus may engage in moral hazard. Through simulations, our findings show a combination of partial insurance coverage and partial monitoring of inputs may reduce substantially the problems...

Purpose – The purpose of this research is examine the development of livestock mortality insurance, and associated challenges, in order to provide an improved understanding regarding the operation of livestock mortality insurance. Design/methodology/approach – In a many countries, livestock...

SFB 649 Discussion Paper 2006-054 On the Coexistence of Banks and Markets Hans Gersbach* Harald Uhlig** * University of Heidelberg and CEPR ** Humboldt-Universität zu Berlin, Deutsche Bundesbank, CentER and CEPR This research was supported by the Deutsche...

IZA DP No. 2973 Job Assignments under Moral Hazard: The Peter Principle Revisited Alexander K. Koch Julia Nafziger DISCUSSION P APER SERIES Forschungsinstitut zur Zukunft der Arbeit Institute for the Study of Labor August 2007 Job Assignments under Moral Hazard: The Peter Principle...