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Mitigation deterrence and the “moral hazard” of solar radiation management
Fears of a moral hazard effect deterring mitigation have dogged solar radiation management (SRM) research since before 2006. Researchers have debated the significance and relevance of this concern from multiple disciplines and perspectives.
Duncan P McLaren
semanticscholar +1 more source
The morals of moral hazard: a contracts approach [PDF]
Although moral hazard is a well‐known economic concept, there is a long‐standing controversy over its moral implications. The language economists use to describe moral hazard is often value‐laden, and implies moral judgments about the persons or actions of economic agents. This in turn leads some to question whether it is actually a scientific concept,
openaire +3 more sources
Moral Hazard and the Optimality of Debt
I show that, in a benchmark model, debt securities minimize the welfare losses associated with the moral hazards of excessive risk-taking and lax effort.
Benjamin Hébert
semanticscholar +1 more source
Non-Cash Auction for Spectrum Trading in Cognitive Radio Networks: A Contract Theoretical Model with Joint Adverse Selection and Moral Hazard [PDF]
In cognitive radio networks (CRNs), spectrum trading is an efficient way for secondary users (SUs) to achieve dynamic spectrum access and to bring economic benefits for the primary users (PUs). Existing methods requires full payment from SU, which blocked many potential "buyers", and thus limited the PU's expected income. To better improve PUs' revenue
arxiv
Moral Hazard, Optimal Healthcare-Seeking Behavior, and Competitive Equilibrium
The theory of the optimal-consumption leisure choice under price dispersion describes the phenomenon of moral hazard as the customer’s reaction on unfair insurance policy.
Sergey MALAKHOV
doaj
A study on the path of governance in health insurance fraud considering moral hazard. [PDF]
Liu J, Wang Y, Yu J.
europepmc +1 more source
Moral Hazard in Dynamic Risk Management [PDF]
We consider a contracting problem in which a principal hires an agent to manage a risky project. When the agent chooses volatility components of the output process and the principal observes the output continuously, the principal can compute the quadratic variation of the output, but not the individual components.
arxiv
The purposes of this study are: First, to analyze the indications of moral hazard and adverse selection on Indonesian Islamic commercial banks. Second, to analyze the influence of moral hazard and adverse selection on the Non Performance Financing of ...
Ahmad Rodoni, Bahrul Yaman
doaj +1 more source
Pareto optimal moral-hazard-free insurance contracts in behavioral finance framework [PDF]
This paper investigates Pareto optimal (PO, for short) insurance contracts in a behavioral finance framework, in which the insured evaluates contracts by the rank-dependent utility (RDU) theory and the insurer by the expected value premium principle. The incentive compatibility constraint is taken into account, so the contracts are free of moral hazard.
arxiv
The information of incompatibility is a problem of economics which occurs regularly in markets, and is a phenomenon of failure of the market. As a result, it leads to a non-perfect market which causes adverse selections and moral hazard.
Nguyễn Văn Ngãi+1 more
doaj