Choice Card

In adverse selection ⎽⎽⎽⎽⎽⎽⎽⎽, the principal is not informed about a certain characteristic of the agent at the time the contract is written.

Belongs to subject Economics of contracting

In adverse selection ⎽⎽⎽⎽⎽⎽⎽⎽, the principal is not informed about a certain characteristic of the agent at the time the contract is written.