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Exploiting within-firm, over-time variation in plan parameters for a unique sample of nearly 10,000 Long-term Disability policies held by U.S. employers, we present the first empirical analysis of the...
We use employee-level panel data from a single firm to explore the possibility that individuals may select insurance coverage in part based on their anticipated behavioral (“moral hazard”) respons...
We investigate whether individualsí health care utilization responds to the dynamic incentives created by the non-linear budget sets of typical health insurance contracts. Our primary empirical stra...
Bennis, Medin, and Bartels (2009) have contributed an interesting paper on the comparative benefit of moral rules versus cost-benefit analysis. Many of their specific comments are accurate, useful, an...
This paper considers dynamic moral hazard settings, in which the agent's actions have consequences over a long horizon. To maintain incentives, the optimal contract defers the agent's compensation and...
The article explains the moral hazard posed by modern banking to society. It references a story by Marcus Tullius Cicero in his "Essay on Duties," which was about Cato the Elder, a wealthy man renowne...
This paper aims to discuss and recommend security systems for protecting investors' assets against misuse or fraud by intermediary institutions when Turkish capital market transforms to dematerialized...
This article discusses the moral and ethical impacts of insurance claims fraud within the United States. Issues associated with cost shifting in the financing of insurance claims resulting from instan...
Due to insufficient sample sizes in national surveys, strikingly little is known about issue preferences at the level of Congressional districts in the United States, and existing studies focus on...
Most people believe economists are more selfish than non economists.The reasons for such belief and for the related moral condemnation of economists remain confused. Both charges and evidence are insu...
POLICY BURDEN,MORAL HAZARD AND SOFT BUDGET CONSTRAINT Justin Yifu Lin CCER, Peking University& Zhiyun LiCERDI NO. E2006004 April 4, 2006 Abstract: We present a model of policy burden and soft bud...

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