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Quarterly Journal of Economics Vol. 88 No. 1 1974

Overinsurance and Public Provision of Insurance: The Roles of Moral Hazard and Adverse Selection

Mark V. Pauly

Northwestern University

Abstract

I. The competitive allocation of insurance under moral hazard, 45. — II. "Competitive" equilibrium, 50. — III. Moral hazard and public provision, 52. — IV. Adverse selection and the competitive market, 54. — V. Alternative devices for dealing with adverse selection and moral hazard from overinsurance, 60.

DOI
10.2307/1881793
Volume
88
Issue
1
Pages
44
Sources
openalex crossref

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