in the real world, no conduct, judged ex ante
, is certain to harm others.
contracting before insolvency as "ex ante
" and that which
Whether one action is classed as (ex ante
) pareto superior to another depends on the prospects under the actions for each person concerned.
Moreover, even in cases of empirically demonstrable asymmetry, it rarely is clear to what extent problems can be assigned to the distinctly different categories of adverse selection, ex ante
moral hazard (i.e., morale hazard and/or planned fraud), and ex post moral hazard (i.e., claim build-up and/or opportunistic fraud).
Oil prices have reflected these ex ante
estimates of the probability of output cuts versus the probability of a production rollover.
In the first phase of the project were proposed ten measures to increase rural employment and of these could be assessed ex ante
They then control for beliefs about performance in their regression analysis, as the choice to compete is made before performing (ex ante
* The other crucial feature is limiting ex ante
regulation to situations in which monopoly actually emerges.
Under the conventional application of this rule, the victim first collects the money and compensates the injurer, and only then is the injurer required to eliminate the nuisance (ex ante
Needless to say, in contracts between unrelated parties these terms are set at the outset of the contract through negotiations using only ex ante