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Risk, Incentives and Insurance: The Pure Theory of Moral Hazard

  • Stiglitz J
The Geneva Papers on Risk and Insurance - Issues and Practice (1983) 8(1) 4-33
DOI: 10.1057/gpp.1983.2
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Abstract

… The risk sharing which occurs between a landowner and his … default; an insurance company would like the insured to exercise … of insurance purchased from other insurance companies …

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Stiglitz, J. E. (1983). Risk, Incentives and Insurance: The Pure Theory of Moral Hazard. The Geneva Papers on Risk and Insurance - Issues and Practice, 8(1), 4–33. https://doi.org/10.1057/gpp.1983.2

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