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Testing for Asymmetric Information in Insurance Markets
The first goal of this paper is to provide a simple and general test of the presence of asymmetric information in contractual relationships within a competitive context. We also argue that insuranceExpand
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The Economics of Contracts: A Primer
The theory of contracts grew out of the failure of the general equilibrium model to account for the strategic interactions among agents that arise from informational asymmetries. This popular text,Expand
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Asymmetric information in insurance: general testable implications
Several recent articles on empirical contract theory and insurance have tested for a positive correlation between coverage and ex post risk, as predicted by standard models of pure adverse selectionExpand
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Estimating Preferences Under Risk: The Case of Racetrack Bettors
We investigate in this paper the attitudes toward risk of bettors in British horse races. The model we use allows us to go beyond the expected utility framework and to explore various alternativeExpand
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Repeated moral hazard: The role of memory, commitment, and the access to credit markets
Abstract The dynamic dimension introduces new questions in moral hazard models. Thus, the roles of memory and commitment have recently raised a marked interest. The goal of this paper is to discussExpand
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Does Fertility Respond to Financial Incentives?
There has been little empirical work evaluating the sensitivity of fertility to financial incentives at the household level. We put forward an identification strategy that relies on the fact thatExpand
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Testing Contract Theory: A Survey of Some Recent Work
While the theoretical literature on contracts has been enormous since the seventies, empirical tests of the theory have long remained scarce. However, new empirical work has been developed in theExpand
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Partner Choice, Investment in Children, and the Marital College Premium
We construct a model of household decision-making in which agents consume a private and a public good, interpreted as children's welfare. Children's utility depends on their human capital, whichExpand
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Cupid’s Invisible Hand: Social Surplus and Identification in Matching Models
We investigate a model of one-to-one matching with transferable utility when some of the characteristics of the players are unobservable to the analyst. We allow for a wide class of distributions ofExpand
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The Economics of Taxation
This concise introduction to the economic theories of taxation is intuitive yet rigorous, relating the theories both to existing tax systems and to key empirical studies. The Economics of TaxationExpand
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