CROP INSURANCE CONTRACTING: MORAL HAZARD COSTS THROUGH SIMULATION
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
Moral hazard costs are estimated using a new crop insurance design approach. The simulation results show that incorporation of incentive compatibility constraints into insurance design can substantially reduce moral hazard costs.