Insurance has for a long time been perceived as a way of transferring responsibility from insured agents to insurers and thus as potentially influencing insured agents' behavior. Two particular opportunistic behaviors have been analyzed. First, the theory of adverse selection predicts that...

Over the past decade, solar photovoltaics (PV) have attracted increasing attention as promising low-carbon innovations worthy of government investment. Numerous incentive frameworks have been developed to encourage the deployment of PV, with the electricity sector surfacing as the focal point...