Price Equilibrium, Efficiency, and Decentralizability in Insurance Markets
收藏NBER1991-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3642
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资源简介：
In this paper, we investigate the descriptive and normative properties of competitive equilibrium with moral hazard when firms offer "price contracts" which allow clients to purchase as much insurance as they wish at the quoted prices. We show that a price equilibrium always exists and is one of
提供机构：
美国国家经济研究局
创建时间：
1991-03-01
