FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125834147> ?p ?o ?g. }

• W3125834147 abstract "This paper develops the basic analytics of moral hazard, for the two-outcome case where either a fixed damage accident occurs or it does not. The analysis focuses on the relationship between the insurance premium paid and the insurance benefits received in the event of an accident, and is conducted in benefit-premium space. The central message of the paper is that even when the underlying functions, the expected utility function and the function relating the accident probability to accident-prevention effort, are extremely well-behaved, the indifference curves and feasibility set (the set of insurance contracts which at least break even) are not-indifference curves need not be convex and feasibility sets never are; price-and income- consumption lines may be discontinuous; and effort is not in general a monotonic or continuous function of the parameters of the insurance policies provided. Part I of this paper establishes these results, while Part II discusses sane of their implications. The bad behavior of indifference curves and the feasibility set profoundly affects the nature and existence of a competitive equilibrium. We illustrate this, though we do not provide a thorough analysis. We also show that our canonical model of an insurance market with moral hazard can be reinterpreted to provide a model of loans with bankruptcy, or of work incentives." @default.
• W3125834147 created "2021-02-01" @default.
• W3125834147 creator A5029329038 @default.
• W3125834147 creator A5074218217 @default.
• W3125834147 date "1988-01-01" @default.
• W3125834147 modified "2023-09-27" @default.
• W3125834147 title "The Basic Analytics of Moral Hazard" @default.
• W3125834147 hasPublicationYear "1988" @default.
• W3125834147 type Work @default.
• W3125834147 sameAs 3125834147 @default.
• W3125834147 citedByCount "0" @default.
• W3125834147 crossrefType "posted-content" @default.
• W3125834147 hasAuthorship W3125834147A5029329038 @default.
• W3125834147 hasAuthorship W3125834147A5074218217 @default.
• W3125834147 hasConcept C10138342 @default.
• W3125834147 hasConcept C111472728 @default.
• W3125834147 hasConcept C121332964 @default.
• W3125834147 hasConcept C127413603 @default.
• W3125834147 hasConcept C134306372 @default.
• W3125834147 hasConcept C138885662 @default.
• W3125834147 hasConcept C14036430 @default.
• W3125834147 hasConcept C144237770 @default.
• W3125834147 hasConcept C148220186 @default.
• W3125834147 hasConcept C162118730 @default.
• W3125834147 hasConcept C162324750 @default.
• W3125834147 hasConcept C175444787 @default.
• W3125834147 hasConcept C177264268 @default.
• W3125834147 hasConcept C178790620 @default.
• W3125834147 hasConcept C185592680 @default.
• W3125834147 hasConcept C18762648 @default.
• W3125834147 hasConcept C199360897 @default.
• W3125834147 hasConcept C205706631 @default.
• W3125834147 hasConcept C2779662365 @default.
• W3125834147 hasConcept C2780202544 @default.
• W3125834147 hasConcept C2780289543 @default.
• W3125834147 hasConcept C29122968 @default.
• W3125834147 hasConcept C29513703 @default.
• W3125834147 hasConcept C33923547 @default.
• W3125834147 hasConcept C41008148 @default.
• W3125834147 hasConcept C49261128 @default.
• W3125834147 hasConcept C50158540 @default.
• W3125834147 hasConcept C504631918 @default.
• W3125834147 hasConcept C62172701 @default.
• W3125834147 hasConcept C62520636 @default.
• W3125834147 hasConcept C68799949 @default.
• W3125834147 hasConcept C72169020 @default.
• W3125834147 hasConcept C78458016 @default.
• W3125834147 hasConcept C78519656 @default.
• W3125834147 hasConcept C86803240 @default.
• W3125834147 hasConceptScore W3125834147C10138342 @default.
• W3125834147 hasConceptScore W3125834147C111472728 @default.
• W3125834147 hasConceptScore W3125834147C121332964 @default.
• W3125834147 hasConceptScore W3125834147C127413603 @default.
• W3125834147 hasConceptScore W3125834147C134306372 @default.
• W3125834147 hasConceptScore W3125834147C138885662 @default.
• W3125834147 hasConceptScore W3125834147C14036430 @default.
• W3125834147 hasConceptScore W3125834147C144237770 @default.
• W3125834147 hasConceptScore W3125834147C148220186 @default.
• W3125834147 hasConceptScore W3125834147C162118730 @default.
• W3125834147 hasConceptScore W3125834147C162324750 @default.
• W3125834147 hasConceptScore W3125834147C175444787 @default.
• W3125834147 hasConceptScore W3125834147C177264268 @default.
• W3125834147 hasConceptScore W3125834147C178790620 @default.
• W3125834147 hasConceptScore W3125834147C185592680 @default.
• W3125834147 hasConceptScore W3125834147C18762648 @default.
• W3125834147 hasConceptScore W3125834147C199360897 @default.
• W3125834147 hasConceptScore W3125834147C205706631 @default.
• W3125834147 hasConceptScore W3125834147C2779662365 @default.
• W3125834147 hasConceptScore W3125834147C2780202544 @default.
• W3125834147 hasConceptScore W3125834147C2780289543 @default.
• W3125834147 hasConceptScore W3125834147C29122968 @default.
• W3125834147 hasConceptScore W3125834147C29513703 @default.
• W3125834147 hasConceptScore W3125834147C33923547 @default.
• W3125834147 hasConceptScore W3125834147C41008148 @default.
• W3125834147 hasConceptScore W3125834147C49261128 @default.
• W3125834147 hasConceptScore W3125834147C50158540 @default.
• W3125834147 hasConceptScore W3125834147C504631918 @default.
• W3125834147 hasConceptScore W3125834147C62172701 @default.
• W3125834147 hasConceptScore W3125834147C62520636 @default.
• W3125834147 hasConceptScore W3125834147C68799949 @default.
• W3125834147 hasConceptScore W3125834147C72169020 @default.
• W3125834147 hasConceptScore W3125834147C78458016 @default.
• W3125834147 hasConceptScore W3125834147C78519656 @default.
• W3125834147 hasConceptScore W3125834147C86803240 @default.
• W3125834147 hasLocation W31258341471 @default.
• W3125834147 hasOpenAccess W3125834147 @default.
• W3125834147 hasPrimaryLocation W31258341471 @default.
• W3125834147 hasRelatedWork W1417250616 @default.
• W3125834147 hasRelatedWork W1504848784 @default.
• W3125834147 hasRelatedWork W1514788559 @default.
• W3125834147 hasRelatedWork W1534571896 @default.
• W3125834147 hasRelatedWork W1722915954 @default.
• W3125834147 hasRelatedWork W1756357714 @default.
• W3125834147 hasRelatedWork W2016520077 @default.
• W3125834147 hasRelatedWork W2207095054 @default.
• W3125834147 hasRelatedWork W2213929344 @default.
• W3125834147 hasRelatedWork W222332798 @default.
• W3125834147 hasRelatedWork W2279377659 @default.
• W3125834147 hasRelatedWork W2316967083 @default.
• W3125834147 hasRelatedWork W2770001508 @default.

• next