Interesting discussion! 1. Indeed, we already have many incentives to stop planes by fake threats, and it does not happen. 2. The problem of moral hazard is present in all insurance economies. Of course, this has to be…
Interesting discussion! 1. Indeed, we already have many incentives to stop planes by fake threats, and it does not happen. 2. The problem of moral hazard is present in all insurance economies. Of course, this has to be…