Price equilibrium, efficiency, and decentralizability in insurance markets by Richard Arnott
(
Book
)
4
editions published
in
1991
in
English
and held by
48
libraries
worldwide
Randomization with asymmetric information by Richard Arnott
(
Book
)
6
editions published
between
1987
and
1988
in
English
and held by
47
libraries
worldwide
The basic analytics of moral hazard by Richard Arnott
(
Book
)
5
editions published
between
1987
and
1990
in
English
and held by
47
libraries
worldwide
Equilibrium in competitive insurance markets with moral hazard by Richard Arnott
(
Book
)
4
editions published
between
1987
and
1991
in
English
and held by
46
libraries
worldwide
Rent control and options for decontrol in Ontario by Richard Arnott
(
Book
)
3
editions published
in
1981
in
English
and held by
45
libraries
worldwide
Dysfunctional non-market institutions and the market by Richard Arnott
(
Book
)
3
editions published
in
1988
in
English
and held by
41
libraries
worldwide
Moral hazard and optimal commodity taxation by Richard Arnott
(
Book
)
7
editions published
between
1983
and
1986
in
English
and held by
34
libraries
worldwide
"The central result of this paper is that when moral hazard ispresent, competitive equilibrium is almost always (constrained) inefficient. Moral hazard causes shadow prices to deviate from market prices. To remedy this market failure, the government could introduce differential commodity taxation. Moral hazard causes people to take too little care to prevent accidents. The corresponding dead-weight loss can be reduced by subsidizing (taxing) those goods the consumption of which encourages (discourages) accident avoidance. At the (constrained) optimum, the sum of the deadweight losses as-sociated with moral hazard, on the one hand, and differential commodity taxation, on the other, is minimized"--NBER website.
Policy Forum on Rent Controls in Ontario by Policy Forum on Rent Controls in Ontario
(
Book
)
2
editions published
between
1987
and
1988
in
English
and held by
30
libraries
worldwide
When are anonymous congestion charges consistent with marginal cost pricing by Richard Arnott
(
Book
)
3
editions published
in
1994
in
English
and held by
25
libraries
worldwide
Related Identities
