Partnerships for a Better Governance of Natural Hazard Risks
نویسندگان
چکیده
منابع مشابه
Moral Hazard and Sorting in a Market for Partnerships
This paper incorporates two-sided moral hazard in an otherwise frictionless matching market for partnerships and examines how unobservability of the effort choices of the matched partners impacts the equilibrium sorting patterns. We find that the direction of this impact depends on whether unobservable effort and observable type are complements or substitutes: when they are complements (i.e.mar...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2512156