Moral hazard and adverse selection are both terms used in economics, risk management, and insurance to describe situations where one party is at a disadvantage to another. Moral hazard occurs when ...

Although it has been argued that IMF financing may create moral hazard, it is not easy to find clear evidence of such an effect. If the extent of IMF-induced moral hazard were known, any costs would ...

Using a regression discontinuity approach, we uncover three findings: (1) Higher benefit levels distort employment more than benefit extensions. (2) Benefit durations and levels interact: Longer ...

Britain's business secretary said a London listing set a "gold standard" in terms of environmental, labour and tax regulation ...

A recent study from the University of Queensland in Australia shows the public’s demand for travel has increased 3.8% annually over a recent 10-year period with no indication of ...