Moral Hazard and Optimal Commodity Taxation
收藏NBER1983-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1154
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资源简介：
The central result of this paper is that when moral hazard ispresent,competitive equilibrium is almost always (constrained) inefficient. Moral hazard causes shadow prices to deviate from market prices. To remedy this market failure, the government could introduce differential commodity taxation.
提供机构：
美国国家经济研究局创建时间：
1983-06-01
