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Stochastic Simulation of the Exchange Rate
("Dunărea de Jos" University of Galati, 2007-01)
The rational expectations paradigm, that dominates macroeconomics
fails to take into account the complexity of the information, which is so vast that the
individual brain cannot understand the full of it. The agents are ...
Asymmetric Information – Adverse Selection Problem
(Universitas Galatiensis, 2007-01)
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 ...