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Asymmetric Information – Adverse Selection Problem

Author

Listed:
  • Anamaria ALDEA
  • Dumitru MARIN

    (Academy of Economic Studies, Bucharest)

Abstract

The present paper makes an introduction in the contract theory starting with the definitions of asymmetric information and some of the problems that generate: moral hazard and adverse selection. We provide an insight of the latest empirical studies in adverse selection in different markets. An adverse selection model, based on Rothchild and Stiglitz is also present to give a perspective of the theoretical framework.

Suggested Citation

  • Anamaria ALDEA & Dumitru MARIN, 2007. "Asymmetric Information – Adverse Selection Problem," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 21-28.
    • Handle: RePEc:ddj:fseeai:y:2007:i:1:p:21-28
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