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Risk Pooling in the Presence of Moral Hazard

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  • Joseph G. Eisenhauer
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    Abstract

    The size of an insurance pool that minimizes average risk per policy is derived for cases in which moral hazard offsets the benefits of pooling. Copyright Blackwell Publishers Ltd and the Board of Trustees of the Bulletin of Economic Research, 2004.

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    Bibliographic Info

    Article provided by Wiley Blackwell in its journal Bulletin of Economic Research.

    Volume (Year): 56 (2004)
    Issue (Month): 1 (01)
    Pages: 107-111

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    Handle: RePEc:bla:buecrs:v:56:y:2004:i:1:p:107-111

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