Assertion: agency's agent | /r/HasAspect | private information
Facets:
value: about his type
type: OTHER
value: in adverse selection models
type: OTHER
Source sentences:
text: Agency theory can be subdivided in two categories: (1) In adverse selection models, the agent has private information about his type (say, his costs of exerting effort or his valuation of a good) before the contract is written.