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The Other Ex-Ante Moral Hazard in Health

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NBER2008-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13863
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It is well known that public or pooled insurance coverage can induce a form of ex-ante moral hazard: people make inefficiently low investments in self-protective activities. This paper points out another ex-ante moral hazard that arises through an induced innovation externality. This alternative
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2008-03-01
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