The answer to the problems of adverse selection and moral hazard are found partly in the fact that

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Adverse selection and moral hazard occur because of information asymmetry between the parties involved. In the case of elections, candidates are motivated to reveal their policy positions to voters in order to gain their support and win the election. This competition forces candidates to be more transparent about their intentions, which can help alleviate the problems of adverse selection and moral hazard.

The Answer to the Problems of Adverse Selection and Moral