An economics term defined as the tendency for a contract to attract the types of agent that are least profitable for the issuer, often due to asymmetric information.
An examination of the agency problem, defined as the difficulties encountered when a principal delegates a task to an agent, highlighting issues of asymmetric information and incomplete contracts.
An exploration of agency theory, focusing on the contractual relationship between a principal and an agent, asymmetric information, and incentive mechanisms.
An overview and analysis of incomplete information in economics.
An economic theory that describes how asymmetric information can cause market failure, often illustrated through the used-car market.
The observation that a contract promising payment for certain events changes behavior to increase the likelihood of these events.
Actions undertaken primarily to convey information to prospective customers or employers, particularly in the context of asymmetric information.
An exploration of trust in economic contexts, particularly in situations of asymmetric information and repeated games.
Detailed exploration of the concept of voluntary exchange within the field of economics.
