Risk Pooling in the Presence of Moral Hazard
Joseph G. Eisenhauer
Bulletin of Economic Research, 2004, vol. 56, issue 1, 107-111
Abstract:
The size of an insurance pool that minimizes average risk per policy is derived for cases in which moral hazard offsets the benefits of pooling.
Date: 2004
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https://doi.org/10.1111/j.1467-8586.2004.00191.x
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