Publication detail

'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.,
Type: Articles in refereed journals
Year: 2008
Number: 0
ISSN / ISBN:
Published in: PSVS-EC-024
Publishing place:
Keywords:
JEL codes:
Suggested Citation:
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.

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