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Risk Pooling in the Presence of Moral Hazard
Author(s) -
Eisenhauer Joseph G.
Publication year - 2004
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/j.1467-8586.2004.00191.x
Subject(s) - pooling , moral hazard , morale hazard , economics , risk pool , hazard , actuarial science , microeconomics , insurance policy , incentive , computer science , casualty insurance , artificial intelligence , chemistry , organic chemistry
The size of an insurance pool that minimizes average risk per policy is derived for cases in which moral hazard offsets the benefits of pooling.