Testing for selection bias and moral hazard in private health insurance: Evidence from a mixed public‐private health system
Sign Up to like & getrecommendations! Published in 2022 at "Health Economics"
DOI: 10.1002/hec.4605
Abstract: Abstract Separating selection bias from moral hazard in private health insurance (PHI) markets has been a challenging task. We estimate selection bias and moral hazard in Australia's mixed public‐private health system, where PHI premiums are… read more here.
Keywords: bias moral; health; private health; selection bias ... See more keywords
Moral hazard and compensation packages: does reshuffling matter?
Sign Up to like & getrecommendations! Published in 2019 at "Economic Theory"
DOI: 10.1007/s00199-019-01208-5
Abstract: We study a moral hazard model in which the agent receives a compensation package made up of multiple commodities. We allow for the possibility that commodities are traded on the market and consider two scenarios.… read more here.
Keywords: agent; trade; package; moral hazard ... See more keywords
Risk Reduction, Risk Sharing and Moral Hazard: A Vaccination Metaphor
Sign Up to like & getrecommendations! Published in 2017 at "Intereconomics"
DOI: 10.1007/s10272-017-0665-8
Abstract: This paper focuses on unemployment insurance; it sketches the rationale for a degree of centralisation that would create a lean insurance union, addressing the risk of large economic shocks. read more here.
Keywords: risk sharing; risk; moral hazard; risk reduction ... See more keywords
Moral Hazard Under Ambiguity
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Optimization Theory and Applications"
DOI: 10.1007/s10957-018-1230-8
Abstract: In this paper, we extend the classical Holmström and Milgrom contracting problem, by adding uncertainty on the volatility of the output for both the Agent and the Principal. We study more precisely the impact of… read more here.
Keywords: hazard ambiguity; output; moral hazard;
Contracts for venture capital financing with double-sided moral hazard
Sign Up to like & getrecommendations! Published in 2019 at "Small Business Economics"
DOI: 10.1007/s11187-018-0028-2
Abstract: Using a Nash bargaining approach, we analyze the financing contract between the entrepreneur and the venture capitalist with double-sided moral hazard in a start-up enterprise. Our results show that there exists an optimal contract set… read more here.
Keywords: double sided; contract; financing; venture ... See more keywords
Selection bias and moral hazard in the Australian private health insurance market: Evidence from the Queensland skin cancer database
Sign Up to like & getrecommendations! Published in 2019 at "Economic Analysis and Policy"
DOI: 10.1016/j.eap.2019.09.008
Abstract: This study estimates the effects of moral hazard and selection bias in private insurance by exploiting the unique characteristics of private health insurance in Australia using a longitudinal data of about 37,000 individuals. We estimate… read more here.
Keywords: moral hazard; insurance; selection; health insurance ... See more keywords
Testing for asymmetric information in insurance markets: A test for ex ante moral hazard revisited
Sign Up to like & getrecommendations! Published in 2017 at "Economics Letters"
DOI: 10.1016/j.econlet.2016.10.044
Abstract: The disentanglement of adverse selection from ex ante moral hazard remains an empirical challenge. Our comment dissects a natural experiment proposed by Chiappori and Salanie (2000) to test for ex ante moral hazard. Firstly, we… read more here.
Keywords: testing asymmetric; moral hazard; test ante; ante moral ... See more keywords
An endogenous structural credit risk model incorporating with moral hazard and rollover risk
Sign Up to like & getrecommendations! Published in 2019 at "Economic Modelling"
DOI: 10.1016/j.econmod.2018.09.012
Abstract: In this paper, we embed optimal contracting between the manager and equity holders into Leland-Toft endogenous structural credit risk model to study the impact of moral hazard on the firm's credit risk with rollover debts.… read more here.
Keywords: moral hazard; risk; model; credit risk ... See more keywords
Delegation in a multi-tier court system: Are remands in the U.S. federal courts driven by moral hazard?
Sign Up to like & getrecommendations! Published in 2020 at "European Journal of Political Economy"
DOI: 10.1016/j.ejpoleco.2020.101999
Abstract: Abstract Appellate judges face a trade-off when deciding whether to remand cases: delegating the decision power enables to transfer effort costs to the lower court, but may be costly in terms of ideological preferences and… read more here.
Keywords: court; delegation multi; driven moral; multi tier ... See more keywords
Moral hazard, external governance and risk-taking: Evidence from commercial banks in China
Sign Up to like & getrecommendations! Published in 2020 at "Finance Research Letters"
DOI: 10.1016/j.frl.2019.101383
Abstract: Abstract Using a sample of Chinese commercial banks from 2004 to 2017, this paper investigates whether and how external governance mitigates the moral hazard problem in these banks. China launched its first explicit deposit insurance… read more here.
Keywords: risk taking; external governance; commercial banks; moral hazard ... See more keywords
Present or future incentives? On the optimality of fixed wages with moral hazard
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Economic Behavior and Organization"
DOI: 10.1016/j.jebo.2017.12.004
Abstract: Abstract This paper uses a laboratory experiment to show that principals can defer all incentives for present effort to future payments—and thus pay fixed wages—and still motivate workers at the least cost whenever outcomes are… read more here.
Keywords: moral hazard; future incentives; fixed wages; incentives optimality ... See more keywords