Market equilibrium of the agricultural product target price insurance and its moral hazard premium
نویسندگان
چکیده
منابع مشابه
Search, Moral Hazard, and Equilibrium Price Dispersion
We characterize optimal contracts for insurance coverage of a service whose price may vary across service providers. Households must engage in costly search to learn the price of a particular service firm, and the presence of insurance reduces incentive to search. We construct a general equilibrium model where the interaction of the insurer, consumers, and service firms endogenously determine t...
متن کاملCapital market equilibrium with moral hazard
This paper studies a general equilibrium model of an economy with production under uncertainty in which firms’ capital (ownership) structures creates a moral hazard problem for their managers. The concept of an equilibrium with rational, competitive price perceptions (RCPP) is introduced, in which investors correctly anticipate the optimal effort of entrepreneurs by observing their financial de...
متن کاملLabor market cycles, unemployment insurance eligibility, and moral hazard
a r t i c l e i n f o a b s t r a c t If entitlement to UI benefits must be earned with employment, generous UI is an additional benefit to working, so, by itself, it promotes job creation. If individuals are risk neutral, then there is a UI contribution scheme that eliminates any effect of UI on employment decisions. As with Ricardian Equivalence, this result should be useful to pinpoint the e...
متن کاملCapital market equilibrium with moral hazard and flexible technology
Magill, M., Quinzii, M., 2002. Capital market equilibrium with moral hazard. Journal of Mathematical Economics 38, 149–190) showed that, in a stockmarket economy with private information, the moral hazard problem may be resolved provided that a spanning overlap condition is satisfed. This result depends on the assumption that the technology is given by a stochastic production function with a si...
متن کاملIdiosyncratic Information, Moral Hazard and Risk Premium∗
While much accounting information is idiosyncratic in nature, economy-wide factors such as accounting standards affect the quality of idiosyncratic accounting information of many firms simultaneously. We study these two features of accounting information by embedding a parsimonious, moral hazard problem into the framework of a multi-firm economy in which project choices are endogenous to accoun...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Agricultural Economics (Zemědělská ekonomika)
سال: 2016
ISSN: 0139-570X,1805-9295
DOI: 10.17221/120/2015-agricecon