'Moral hazard' and 'adverse selection' in the context of maximisation of economic survival
| Author(s): | prof. RNDr. Jiří Hlaváček CSc., PhDr. Michal Hlaváček Ph.D., |
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| Type: | Articles in refereed journals |
| Year: | 2008 |
| Number: | 0 |
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| Published in: | PSVS-EC-024 |
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| Abstract: | This paper analyses problems within the asymmetric information models %28principal agent models) where we replace standard assumption of maximisation of expected income by maximisation of probability of economic survival. |
