Moral Hazard
A Financial, Legal, and Economic Perspective
Moral Hazard is a core concept in economics. In a nutshell, moral hazard reflects the reduced incentive to protect against risk where an entity is (or believes it will be) protected from its consequences, whether through an insurance arrangement or an implicit or explicit guarantee system. It is fundamentally driven by information asymmetry, arises in all sectors of the economy, including banking, medical insurance, financial insurance, and governmental support, undermines the stability of our economic systems and has burdened taxpayers in all developed countries, resulting in significant costs to the community. Despite the seriousness and pe…
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Produktdetails
Weitere Autoren: Gaillard, Norbert (Hrsg.) / Michalek, Rick J. (Hrsg.)
- ISBN: 978-1-00-051500-8
- EAN: 9781000515008
- Produktnummer: 36967770
- Verlag: Taylor & Francis Ltd.
- Sprache: Englisch
- Erscheinungsjahr: 2021
- Seitenangabe: 240 S.
- Plattform: PDF
- Auflage: 1. Auflage
- Abbildungen: 4 schwarz-weiße Abbildungen, 4 schwarz-weiße Zeichnungen, 2 schwarz-weiße Tabellen
Über den Autor
Juan Flores Zendejas is Associate Professor at the Department of History, Economics and Society of the University of Geneva. Norbert Gaillard is an economist and independent consultant (www.norbertgaillard.com).Rick Michalek is a New York-based independent legal and financial consultant.
4 weitere Werke von Juan (Hrsg.) Flores Zendejas:
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