The welfare economics of moral hazard

The welfare economics of moral hazard
Author :
Publisher :
Total Pages : 50
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ISBN-10 : OCLC:1293407532
ISBN-13 :
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Book Synopsis The welfare economics of moral hazard by : Richard Arnott

Download or read book The welfare economics of moral hazard written by Richard Arnott and published by . This book was released on 1990 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:


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This paper shows that, except in certain limiting cases, competitive equilibrium with moral hazard is constrained inefficient. The first section compares the co