Lockley, Andrew; Coffman, D’Maris (2016): Distinguishing morale hazard from moral hazard in geoengineering
Lockley, Andrew; Coffman, D’Maris (2016): Distinguishing morale hazard from moral hazard in geoengineering. In Environmental Law Review 18 (3), pp. 194–204. DOI 10.1177/1461452916659830.
„We investigate the definitions and use of the term ‘moral hazard’, and the related (but significantly different) concept of ‘morale hazard,’ in relevant law, economic and insurance literatures. We find that ‘moral hazard’ has been generally misapplied in discussions of geoengineering, which perhaps explains unexpected difficulties in detecting expected effects experimentally.“