第22章微观经济学前沿.pdfVIP

Frontiers of Microeconomics © 2015 Cengage Learning. s . May not be copied, scanned, or duplicated, in whole or in part, except for use as 1 permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Asymmetric Information • Information asymmetry –“I know something you don’t know” –A difference in access to relevant knowledge –Hidden action: Moral hazard • The pr ipal-agent problem –Hidden characteristi