Moral Hazard Versus Moral Imperative
Moral imperative is the opposite of moral hazard. Thus, moral imperative is the drive for an individual to produce more safety when insured than when uninsured. The possibility of moral hazard and moral imperative always exists for any risk averse individual. The cost of safety production plays a cr...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1988
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/820 |
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| Institution: | Singapore Management University |
| Language: | English |
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