Flores Zendejas, Juan (ed.); Gaillard, Norbert (ed.); … - 2022
"Moral Hazard is a core concept in economics. In a nutshell, moral hazard reflects the reduced incentive to protect … community. Despite the seriousness and pervasiveness of moral hazard, policymakers and scholars have failed to address this … issue. This book fills this gap. It covers 200 years of moral hazard: from its origins in the 19th century to the bailouts …