منابع مشابه
The Economics of Costly Risk Sorting in Competitive Insurance Markets
In the last twenty years, state and federal policy makers have often been asked to restrict the criteria, or tests, on which insurance companies may base their risk categorization. Insurance companies have responded that it is fair and reasonable to charge groups with different probabilities of death or accident actuarially fair rates for each group. The companies argue that if they are not all...
متن کاملSpecial Section: Competitive Strategy, Economics, and Information Systems
Eric K. clEmons is Professor of Operations and Information Management at the Wharton School of the university of Pennsylvania. his education includes an S.b. in Physics from MIt, and an M.S. and Ph.D. in Operations research from cornell university. he has been a pioneer in the systematic study of the transformational effects of information on the strategy and practice of business. his research ...
متن کاملFinancial Economics I Lecture Notes on : Competitive Markets for Insurance
Do competitive insurance markets function orderly in the presence of moral hazard and adverse selection? What are the properties of allocations attainable as competitive equilibria of such economies? And in particular, are competitive equilibria incentive efficient? The fundamental contribution on competitive markets for insurance contracts is Prescott and Townsend (1984). They analyze Walrasia...
متن کاملEthical School in Islamic Economics and Conventional Economics
In the present age, it is the age of economic crises and challenges to moral values. Today, with many moral schools, we are faced with the dos and don’ts of economic activities. On the one hand, the Islamic society needs a dynamic and developed economy, and on the other hand, it needs to consolidate and strengthen moral values in order to bring worldly and otherworldly happiness to people by ma...
متن کاملHealth Economics and Aging
Objectives: In this paper, aging with its different dimensions is discussed. The characteristics of elderly's life in relation to individual, social, and changes meet aging together with attitudes toward it and major components of elderly are explained. Disease and burden of disease of aging as a central to the areas of Health and Health Economics will be emphasized. The influential factors on ...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 1914
ISSN: 0022-3808,1537-534X
DOI: 10.1086/252471