Refers
to situations wherein the agent can take unseen actions for personal
benefit even though such actions are costly to the principal.
A. adverse selection
B. moral hazard
C. zero-sum game
D. The Behavioral Principle
A. adverse selection
B. moral hazard
C. zero-sum game
D. The Behavioral Principle
No comments:
Post a Comment
Note: only a member of this blog may post a comment.