Ответ на 3 вопросы

1. (3 points) Imagine you are renting your apartment through the Airbnb network. Describethe phenomena of adverse selection you are facing in this market. Please, provide an example of signals that could be used in this case. Give definitions of all mechanisms allowing to solve adverse selection problem. *
2. (4 points) Imagine that you are the employer, who is hiring recent university graduates. Who is aprincipal and who is an agent in this situation and why? Give examples of adverse selection and moral hazard in this case. Who bears the losses from adverse selection and from moral hazard? *
3. (3 points) What are the main advantages and disadvantages of the incentive contracts to solve the "moral hazard" problem? *