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standardisation of credit contract theory -- Joint liability and its potential to cause adverse selection instead of resolving it … -- The perverse effect of joint liability and its disappearance under adaptive punishment -- Cross-reporting with zero … contract theory Joint liability and its potential to cause adverse selection instead of resolving it The perverse effect of …
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We study a principal-agent model with moral hazard and adverse selection. Risk-neutral agents with limited liability … adverse selection and moral hazard when agents are risk-neutral and have limited liability. …
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