The paper analyzes a two period general equilibrium model with individual risk, aggregate uncertainty and moral hazard. There is a large number of households, each facing two individual states of nature in the second period. ...

One of the most complex policy issues that developing countries will face as a result of the employment crisis caused by the Covid crisis is the question of how they can better protect the unemployed. However, the analysis ...

We study a principal-agent problem with discrete outcome and effort level spaces. The principal and the agent are risk neutral and the latter is subject to limited liability. Quantifying welfare loss as the ratio between ...

This work analyses the optimal menu of contracts offered by a risk neutral principal to a risk averse agent under moral hazard, adverse selection and limited liability. There are two output levels, whose probability of ...

Diante do cenário brasileiro de insatisfação com o sistema de saúde pública e a preocupação da população com a atenção à saúde, a busca pelo sistema de saúde privado tem aumentado, e com isso, as falhas de mercado também ...