Grönqvist, Erik - Economics Institute for Research (SIR), … - 2006
.O. Box 6501, SE-113 83 Stock-
holm, Sweden, e-mail: erik.gronqvist@hhs.se
1 Introduction
Presence of asymmetric information …. Whether moral hazard is
a problem depends on the extent of asymmetric information and whether agents act
on informational … insurance coverage (i.e. moral hazard) and the selection
bias come from the same source: asymmetric information. Agents taking …