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Moral Hazard And Adverse Selection In The Insurance Market, Kevin Willardsen
Moral Hazard And Adverse Selection In The Insurance Market, Kevin Willardsen
Applied Econometrics Workshops
Willardsen presented on his upcoming article with the same title. The abstract from this paper is as follows:
Understanding the relative significance of adverse selection and moral hazard is important in determining effective policy for insurance markets. Separate identification of these two effects, empirically, is difficult. To overcome this limitation, this paper uses experimental methods to examine how adverse selection and moral hazard separately affect agent performance in a real-effort task. In particular, we explore how agent behavior (effort in the task) changes across a baseline with no insurance option, a treatment where individuals can choose to purchase insurance, and …
Vaule-Added Erosion In Global Value Chains: Rethining International Trade, Xiao Jiang
Vaule-Added Erosion In Global Value Chains: Rethining International Trade, Xiao Jiang
Seminars in Local and Global Regional Economies
The prevalence of "vertical specialization" and global value chains (GVCs) demands that we think differently about international trade and its relationship to employment. This talk discusses employment effects of GVCs trade. Dr. Jiang argues that the expansion of foreign high value-adding activities in the upper stream of GVCs is likely to lead to a decline of domestic value-added share, leading to intensification of international and domestic distributional conflicts.
Dr. Xiao Jiang’s research combines mathematical modeling, simulations and statistics with classical political economy. He has provided economic consulting for the International Labor Organization, the Association for East and Southeast Asian Countries, …