What is the difference between a hidden action and a hidden characteristic?

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What is the difference between a ‘hidden action’ and a ‘hidden characteristic’?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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Question Posted: Apr 26, 2024 02:01 AM

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What is the difference between a hidden action and a hidden characteristic?

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In the realm of economics and game theory hidden action and hidden characteristic refer to different ...View the full answer

Economics

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