It's frustrating that my 5y old paper on this subject isn't more widely
cited.
https://journals.sagepub.com/doi/abs/10.1177/1461452916659830
It pointed out clear errors with the moral hazard framing. These problems
have never been addressed in other literature AFAIK, nor have other authors
The important thing is that the authors: " *argue that debates over “moral
hazard” in many areas of climate policy** are unhelpful and misleading. We
also propose an alternative framework for dealing with the tradeoffs that
motivate the appeal to “moral hazard,” which we call “risk-response
https://www.sciencedirect.com/science/article/pii/S221209632100053X
>From moral hazard to risk-response feedback
Joseph Jebari, Olúfẹ́mi O.Táíwò, Talbot M. Andrews, Valentina Aquila,
Brian Beckage, Mariia Belaia, Maggie Clifford, Jay Fuhrman, David P.
Keller, Katharine J. Mach, David R. Morrow,
