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The paper provides a new explanation for the emergence of sharecropping in agriculture. Under the principal-agent moral hazard framework, the choice of the agrarian land lease contracts is discussed f...
In the study, an expected revenue model was built for the farmers and insurance institutes in China, with the aim of researching the realization conditions of the target price insurance market equilib...
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...
In the motorcycle taxi market in Sub-Saharan Africa, the relation b etween the owners and the drivers is characte riz ed by a principal agent problem with the following features: (i) the principal can...
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...
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") response to...
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...
Examination on firm performance subsequent to a chosen event is widely used in finance studies to analyze the motivation behind managerial decisions. However, results are often subject to bias when th...
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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