Detail The Insurance Effect of Groups   Oleh:  Prendergast, Canice Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 33 no. 3 (1992), page 567-582. Topik: INSURANCE; insurance effect; groups Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Many people belong to groups which partially identify their characteristics. This paper argues that when agents are risk averse, and where only group characteristics are visible rather than individual characteristics, the Pareto optimal construction of groups differs in systematic ways from standard notions of how groups should be formed. Two applications are considered : the assignment of workers to jobs, where it is shown the optimal contract does not involve maximizing output and accident insurance, where the optimal contract does not involve complete insurance. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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