Moral hazard arises in implicit and contractual relationships in which one party behaves differently because of the relationship, and these actions improve one party's utility but have a negative consequence for the other party. In healthcare, moral hazard is ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles