Concept information
Terme préférentiel
adverse selection and moral hazard
Définition
- Adverse selection and moral hazard are informational imperfections potentially presented in any activity or transaction because of asymmetric information about involved risks. Adverse selection is a possibility that actors undertake an activity or transaction based on actors' characteristics unobservable for others (these are informed actors because they know their own characteristics). [Source: The Encyclopedia of Political Science; Adverse Selection and Moral Hazard]
Concept générique
Appartient au groupe
URI
http://data.loterre.fr/ark:/67375/N9J-KX9NCH7C-D
{{label}}
{{#each values }} {{! loop through ConceptPropertyValue objects }}
{{#if prefLabel }}
{{/if}}
{{/each}}
{{#if notation }}{{ notation }} {{/if}}{{ prefLabel }}
{{#ifDifferentLabelLang lang }} ({{ lang }}){{/ifDifferentLabelLang}}
{{#if vocabName }}
{{ vocabName }}
{{/if}}