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This is a thoroughly revised version of a paper delivered at the Seventh Seminar of the European Group of Risk and Insurance Economists, Nottingham, September 10-12, 1980. For valuable discussions I had to thank the participants, and especially Dr. M. Dietsch. Naturally, the usual caveat applies.
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Eisen, R. Information and Observability — Some Notes on the Economics of Moral Hazard and Insurance. Geneva Pap Risk Insur Issues Pract 6, 22–33 (1981). https://doi.org/10.1057/gpp.1981.20
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DOI: https://doi.org/10.1057/gpp.1981.20