Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - Institut für Finanzwissenschaft, Fakultät für … - 2013
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market … second-degree moral hazard - the tendency of the supply side in a market to react to anticipated moral hazard on the demand … side by increasing the extent or the price of the service. In the market for taxi rides, our moral hazard manipulation …