Work incentives and household insurance: Sequential contracting with altruistic individuals and moral hazard
Two agents sequentially contracts with different principals under moral hazard. If agents care for one another, the second principal gains by insuring them over first wages. Even with independent tasks, the first principal must offer riskier payments to induce effort.
(This abstract was borrowed from another version of this item.)
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rowat, Colin & Seabright, Paul, 2006.
"Intermediation by aid agencies,"
Journal of Development Economics,
Elsevier, vol. 79(2), pages 469-491, April.
- Colin Rowat & Paul Seabright, 2004. "Intermediation by aid agencies," Industrial Organization 0412007, EconWPA.
- Rowat, Colin & Seabright, Paul, 2004. "Intermediation by Aid Agencies," CEPR Discussion Papers 4781, C.E.P.R. Discussion Papers.
- Colin Rowat and Paul Seabright, 2005. "Intermediation by aid agencies," Discussion Papers 05-16, Department of Economics, University of Birmingham.
- Mariano Tommasi & Federico Weinschelbaum, 2007.
"Principal-Agent Contracts under the Threat of Insurance,"
Journal of Institutional and Theoretical Economics (JITE),
Mohr Siebeck, Tübingen, vol. 163(3), pages 379-393, September.
- Mariano Tommasi & Federico Weinschelbaum, 2004. "Principal-Agents Contracts Under the Threat of Insurance," Working Papers 69, Universidad de San Andres, Departamento de Economia, revised Apr 2004.
- Becker, Gary S, 1974.
"A Theory of Social Interactions,"
Journal of Political Economy,
University of Chicago Press, vol. 82(6), pages 1063-93, Nov.-Dec..
- Philippe Chone & Ching-to Albert Ma, 2006.
"Asymmetric Information from Physician Agency: Optimal Payment and Healthcare Quantity,"
Boston University - Department of Economics - Working Papers Series
WP2006-006, Boston University - Department of Economics.
- Philippe Choné & Ching-to Albert Ma, 2004. "Asymmetric Information from Physician Agency : Optimal Payment and Healthcare Quantity," Working Papers 2004-37, Centre de Recherche en Economie et Statistique.
- Philippe Chone & Ching-to Albert Ma, 2005. "Asymmetric Information from Physician Agency:Optimal Payment and Healthcare Quantity," Boston University - Department of Economics - Working Papers Series WP2005-006, Boston University - Department of Economics.
- Patrick Francois, 2003.
"Not-For-Profit Provision of Public Services,"
Royal Economic Society, vol. 113(486), pages C53-C61, March.
- Bisin, Alberto & Guaitoli, Danilo, 1998.
"Moral Hazard and Non-Exclusive Contracts,"
CEPR Discussion Papers
1987, C.E.P.R. Discussion Papers.
- Bisin, A. & Guaitoli, D., 1998. "Moral Hazard and Non-Exclusive Contracts," Working Papers 98-24, C.V. Starr Center for Applied Economics, New York University.
- Alberto Bisin & Danilo Guaitoli, 1998. "Moral hazard and non-exclusive contracts," Economics Working Papers 345, Department of Economics and Business, Universitat Pompeu Fabra.
- Becker, Gary S, 1976. "Altruism, Egoism, and Genetic Fitness: Economics and Sociobiology," Journal of Economic Literature, American Economic Association, vol. 14(3), pages 817-26, September.
- Bizer, David S & DeMarzo, Peter M, 1992. "Sequential Banking," Journal of Political Economy, University of Chicago Press, vol. 100(1), pages 41-61, February.
- Bernheim, B Douglas & Whinston, Michael D, 1986. "Common Agency," Econometrica, Econometric Society, vol. 54(4), pages 923-42, July.
- Arnott, Richard & Stiglitz, Joseph E, 1991. "Moral Hazard and Nonmarket Institutions: Dysfunctional Crowding Out or Peer Monitoring?," American Economic Review, American Economic Association, vol. 81(1), pages 179-90, March.
When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:92:y:2006:i:1:p:82-88. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If references are entirely missing, you can add them using this form.