Here's a new working paper from economist Crhis Coyne:
http://papers.ssrn.com/sol3/papers.c...act_id=1736765
It seems to me the moral hazard problem and the adverse selection problem are just flip sides of the same coin.
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Here's a new working paper from economist Crhis Coyne:
http://papers.ssrn.com/sol3/papers.c...act_id=1736765
It seems to me the moral hazard problem and the adverse selection problem are just flip sides of the same coin.