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THE MORAL HAZARD AS FORM OF THE INFORMATION ASYMMETRY: THE CONTINUOUS CASEKeywords: moral hazard model , asymmetric information , Principal-Agent model , optimal contracts , effort level. Abstract: This paper draws up one of the most known form of information asymmetry manifestation, the moral hazard in the continuous case situation. General aspects regarding the informational asymmetry are emphasized here, the model hypotheses and the stages of running a contract between the Principal and the Agent, passing from the symmetrical information case towards the asymmetrical information.
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