组织的经济学与管理学（英文）ch07_Hidden_characteristics_problem教材教学课件.pptVIP

Chapter 7 Hidden characteristics problem George Hendrikse;Figure III: Positioning of Part III ;Welfare theorem;Keywords;Incentives;Agent has superior information (about preferences or costs) before a contract is determined by the principal in a hidden characteristics problem, i.e. there is an ex ante information asymmetry. ;Two hidden characteristics problems;Example: Dental insurance;Implications;Observation ;Nash equilibrium;Pareto inefficiency: adverse selection;Figure 7.1: The order of decisions in the hidden characteristics problem;Example: Insurance;Buyer with characteristics X will