經濟The Economics of Moral Hazard: Comment

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The Economics of Moral Hazard: Comment

文獻名稱	The Economics of Moral Hazard: Comment
文獻作者	Mark V. Pauly
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文獻分類	已發(fā)表文獻
學科一級分類	經濟
學科二級分類	衛(wèi)生經濟學
文獻摘要	When uncertainty is present in economic activity, insurance is commonly found. Indeed, Kenneth .Arrow [l] has identified a kind of market failur with the absence of markets to provide insurance against some uncertain events. Arrow stated that "the welfare case for insurance of all sorts is overwhelming. It follows that the government should undertake insurance where the market, for whatever reason, has failed to emerge" [ I , pp. 935, 9611. This paper will show, however, that even if all individuals are risk-averters, insurance against some types of uncertain events may be nonoptimal. Hence, the fact that certain kinds of insurance have failed to emerge in the private market may be no indication of nonoptimality, and compulsory government insurance against some uncertain events may lead to inefficie:lcy. It will also be shown that the problem of "moral hazard" in insurance has, in fact, little to do with morality, but can be analyzed with orthodox economic tools.
參考文獻
關鍵字	Moral Hazard
發(fā)表所在刊物（或來源）	American Economic Review，Vol. 58, No. 3, Part 1 (Jun., 1968), pp. 531-537
發(fā)表時間	Jun., 1968
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上傳時間	2011-2-21 15:29
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