منابع مشابه
political economy of china in central asia
this research is about the political economy of china in central asia. in this research the political & economic interactions affected on chinas political economy in central asia are examined. chinas goal of presence in central asia including political-security, economic and energy goals is described in one part. in another part, the trade relations between china and central asian countries ar...
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Hidden Insurance in a Moral Hazard Economy We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that individual objective functions are optimized by an effort and in...
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We study a dynamic model with positive gross flows between employment and unemployment. There is moral hazard associated with search effort and job-retention effort. A quantitative comparison of the unemployment insurance system currently in place in the United States with an optimal system shows that the optimal system reduces the steady state unemployment rate by 3.40 percentage points and in...
متن کاملSimple Models of Operating Moral Hazard and Investing Moral Hazard
In this paper, we depict and analyze simple models of moral hazard, namely “operating moral hazard” and “investing moral hazard.” First we assume that a corporation exists primarily for the benefit of their shareholders. Then, moral hazard occurs when managers choose an option knowingly that is not optimum for shareholders. We evaluate the loss to shareholders in terms of cash flow to them in t...
متن کاملMoral political economy and moral reasoning about rural India: four theoretical schools compared
This paper explores a pluralist approach to moral economy in two ways. First, as a review, four major schools of thought on the rental of land in India are described. I focus on their normative and ontic assumptions. Second, noting that none of these schools is value-neutral, a plurality of six complex moral reasoning strategies emerge from this review. The advantage of the social researcher do...
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ژورنال
عنوان ژورنال: Politická ekonomie
سال: 2006
ISSN: 0032-3233,2336-8225
DOI: 10.18267/j.polek.544