Similar Search Results

Arnott, Richard J. - 1988

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...

Persistent link: https://www.econbiz.de/10012476583

The Theory of Local Public Goods Twenty-Five Years After Tiebout : A Perspective

Stiglitz, Joseph E. - 1982

This paper asks, under what conditions can the Fundamental Theorem of Welfare Economics be extended to economies with … redistributions) . Just as the Fundamental Theorem of Welfare Economics does not adequately reflect the vices and virtues of …

Persistent link: https://www.econbiz.de/10012478151

Equilibrium Fictions : A Cognitive Approach to Societal Rigidity

Hoff, Karla - 2010

framework, technology, contacts with the outside world, and changes in power and wealth matter not just directly but because …

Persistent link: https://www.econbiz.de/10012462860

Risk and Global Economic Architecture : Why Full Financial Integration May Be Undesirable

Stiglitz, Joseph E. - 2010

simplistic models arguing for financial integration typically employed in economics assume convexity; but the world is rife with …

Persistent link: https://www.econbiz.de/10012462933