oblong
01-10-2011, 11:08 PM
Here's a new working paper from economist Crhis Coyne:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1736765
It seems to me the moral hazard problem and the adverse selection problem are just flip sides of the same coin.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1736765
It seems to me the moral hazard problem and the adverse selection problem are just flip sides of the same coin.