The article is devoted to a serious theoretical problem - asymmetric information and its consequences for various types of transactions. The study of this problem is an important part of solving the problem of transition to a new economic paradigm. Before proceeding to the solution of particular specific questions need to determine in the main basic definitions. Economic reality gives us many examples of adverse selection, opportunistic behavior and moral hazard, the continuing difficulties of market entities.
Original languageEnglish
Title of host publicationASYMMETRIC INFORMATION AND ITS CONSEQUENCES FOR VARIOUS TYPES OF TRANSACTIONS
PublisherEDIS-Zilina University publisher
Pages733 стр., 59-64
ISBN (Print)978-80-554-0927-6
StatePublished - 2014
Externally publishedYes

    Research areas

  • commitments, unilateral contract, specific assets, precontractual opportunism, hidden information, moral hazard.

ID: 4702947