Huck, Steffen (contributor); … - 2006
; Moral hazard;
Information conditions
JEL Codes: C72, C92, D40, L14
Authors
Steffen Huck
Department of Economics … positive effects but fails to overcome the moral hazard
problem. Adding more information by granting buyers access to all …
high quality than not selling at all (25 > 15). Payoffs are intentionally asymmetric to create a
difficult moral hazard …