Insurance and Information: Firms as a Commitment Device
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More about this item
Keywords
Insurance; implicit contracts; moral hazard; principal agent; commitment; shirking;All these keywords.
JEL classification:
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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