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The emerging sharing economy is fueled by products that some consumers buy new. This paper introduces an overlapping-generations model to analyze consumers' consumption choices and the equilibrium in the sharing market. We derive a retailer's optimal pricing strategy and determine the payoff effects of sharing. The presence of a sharing market increases the price of new products, and therefore a retailer...
This paper considers intermediation in a differentiated short-term housing market where heterogeneous agents may stay at a hotel or at one of several private hosts' properties, below or above hotel quality. The collaborative-housing market fails when agents' hidden actions are noncontractable. If expected liability is not excessive, a trusted intermediary can induce agents to exert first-best effort...
In order to solve moral hazard caused by induced consumption of care provider in the long-term care insurance market, a "risk-sharing, benefit-sharing" incentive mechanism is suggested by referring to foreign medical insurance management pattern in paper. However, that need to establish an appropriate form which can secures mutual profit sharing. The paper uses cooperative game model in...
Service contract matchmaking represents a promising path towards the definition of accurate service selection mechanisms. Basically, it consists in evaluating the degree of match between preferences explicitly defined by a service customer and the contractual terms offered by service providers. However, service contract matchmaking assumes that a service customer is always aware of the contractual...
This paper explores the problem of principal's optimal decision on employment contract design, from the principal's perspective of maximizing the expected welfare in an uncertain environment with one principal and two agents, where both the two agents have properties of fairness preference. By describing the agents' effort as random variables, and devising the contract as a vector with two dimensions:...
Social medical insurance system is an important system to guarantee labors' basic medical needs. Due to the complicated relations involved, the problem of moral hazard in social medical insurance is quite outstanding, which would influence the normal operation of its system. This paper aims to list some forms of moral hazard in social medical insurance, analyses causes for moral hazard from various...
As an important component part of the financial safety net, the deposit insurance system plays a unique role in protecting the medium and small depositors' profits, and maintaining the well-functioning of the financial system. China will establish a deposit insurance system as an important task of the recent financial industry. This paper from the perspective of economy, analyzes rationally of the...
Agricultural insurance is the powerful guarantee for modern agriculture development and is also one of major policies which benefit the farmers. But the asymmetric information in agricultural insurance has considerably hindered the development of China's agricultural insurance. This paper discusses the concrete manifestation of the asymmetric information in agricultural insurance, by using two game...
The ubiquity of information asymmetry in reality leads to adverse selection as well as moral hazard and the increase of enterprise's cost and decrease of profit. Thus it has a negative impact on the survival and development of enterprises. This paper regards the enterprise culture as the common sense of the enterprise and the reduction of asymmetric information. It can decrease the transaction costs...
As a way of risk management, insurance plays an important role in people's daily life. Health insurance becomes one of the most concerned types of insurance because it related to health, which is paid much attention by people. Because of information asymmetry and the participation of physician, health insurance market has developed a unique principal-agent relationship of three participants, which...
Controlling moral hazard in medical insurance is a type of system engineering. Moral hazards make medical costs increase unreasonably, rapidly grow, and excessively consume the limited resource, which causes great waste to the society. Based on analysis of the form and causes of moral hazard of China's medical insurance, this paper puts forward the prevention mechanisms and control measures to moral...
With the rapid development of the national real estate industry, we are encountering an unprecedented engineering quality safety challenge in China, and it requires that we should establish the construction quality insurance system to conform to the situation. In order to resolve the moral hazard and adverse selection problems of the contractor in the construction quality insurance system, this article...
With the rapid development of the national real estate industry, we are encountering an unprecedented engineering quality safety challenge in China, and it requires that we should establish the construction quality insurance system to conform to the situation. In order to resolve the moral hazard and adverse selection problems of the contractor in the construction quality insurance system, the insurer...
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