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The Economics of Moral Hazard: Comment

文献名称 The Economics of Moral Hazard: Comment
文献作者 Mark V. Pauly
作者所在单位
文献分类 已发表文献
学科一级分类 经济
学科二级分类 卫生经济学
文献摘要 When uncertainty is present in economic activity, insurance is commonly found. Indeed, Kenneth .Arrow [l] has identified a kind of market failur with the absence of markets to provide insurance against some uncertain events. Arrow stated that "the welfare case for insurance of all sorts is overwhelming. It follows that the government should undertake insurance where the market, for whatever reason, has failed to emerge" [ I , pp. 935, 9611. This paper will show, however, that even if all individuals are risk-averters, insurance against some types of uncertain events may be nonoptimal. Hence, the fact that certain kinds of insurance have failed to emerge in the private market may be no indication of nonoptimality, and compulsory government insurance against some uncertain events may lead to inefficie:lcy. It will also be shown that the problem of "moral hazard" in insurance has, in fact, little to do with morality, but can be analyzed with orthodox economic tools.
参考文献
关键字 Moral Hazard
发表所在刊物(或来源) American Economic Review,Vol. 58, No. 3, Part 1 (Jun., 1968), pp. 531-537
发表时间 Jun., 1968
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wry86818
wry86818发表于:2019-4-19 08:38
不错不错 好东西啊 谢谢分享

李gang
李gang发表于:2016-9-7 20:17
学习一下。
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