David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Public Affairs Quarterly 23 (1):1-26 (2009)
A "moral hazard" is a market failure most commonly associated with insurance, but also associated by extension with a wide variety of public policy scenarios, from environmental disaster relief, to corporate bailouts, to natural resource policy, to health insurance. Specifically, the term "moral hazard" describes the danger that, in the face of insurance, an agent will increase her exposure to risk. If not immediately clear, such terminology invokes a moral notion, suggesting that changing one's exposure to risk after becoming insured is morally problematic. This paper challenges that position. It argues that there is nothing inherently moral about the moral hazard. It does so by arguing against three proposed claims regarding the wrongness of the moral hazard: first, the view that conceives of it as deception; then, the view that conceives of it as cheating; and finally, the view that conceives of it as stealing.
|Keywords||moral hazard Katrina economics public policy|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
AD Hemmings (2010). Does Bioprospecting Risk Moral Hazard for Science in the Antarctic Treaty System? Ethics in Science and Environmental Politics 10 (1):5-12.
J. Angelo Corlett (2001). Is There a Moral Duty to Die? Health Care Analysis 9 (1):41-63.
Colleen Murphy & Paolo Gardoni (2007). Determining Public Policy and Resource Allocation Priorities for Mitigating Natural Hazards: A Capabilities-Based Approach. Science and Engineering Ethics 13 (4):489-504.
Nalinaksha Bhattacharyya (2004). Student Evaluations and Moral Hazard. Journal of Academic Ethics 2 (3):263-271.
Gerald Lang (2009). Luck Egalitarianism, Permissible Inequalities, and Moral Hazard. Journal of Moral Philosophy 6 (3):317-338.
Karim Jamal & Norman E. Bowie (1995). Theoretical Considerations for a Meaningful Code of Professional Ethics. Journal of Business Ethics 14 (9):703 - 714.
H. Tristram Engelhardt Jr (2007). Long-Term Care: The Family, Post-Modernity, and Conflicting Moral Life-Worlds. Journal of Medicine and Philosophy 32 (5):519 – 536.
Added to index2009-06-13
Total downloads115 ( #8,525 of 1,101,180 )
Recent downloads (6 months)23 ( #6,233 of 1,101,180 )
How can I increase my downloads?