Тест по институциональная экономика ( на английском)

Cooperation, coordination, Distributio
Institutio
Institution and bounded rationalit
Institutions influence outcome
Geography, culture and ignorance could not explain difference in economic developmen
Networks as an information channel and enforcement instrumen
Transaction costs - definitions and classification
Transaction cost theory and incomplete contract
Agency theory - adverse selection and moral hazar
Collective property right
пример : Give an example of how a network affects the behaviour of economic agents (not from the lecture)
1. (3 points) Imagine that your friend works as a manager in a large company. Once in an informal conversation, he or she expresses the following thesis: formal rules are always more effective than informal ones. Do you agree with him/her? Prove your position using at least one example
2. (3 points) Give an example of a credence good (explain why this good can be explicitly attributed to the “credence goods” type). Which cost you could face buying such goods and how institutions could help to minimize them
3. (4 points) Imagine that you are working as an analyst in a medium-sized private bank. Your boss wants to analyze the bank's resilience to the crisis and is also interested in network analysis. Suggest a study design that will fulfill this desire. Briefly describe your research questions and the data you will collect
4. (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.
5. (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?
6. (3 points) What are the main advantages and disadvantages of the incentive contracts to solve the "moral hazard" problem?
Ожидаемая оценка: достаточно 4-5