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Related articles:
Adverse selection
Moral hazard
Principal-agent problem
Key terms: information party market signal risk example models cannot nobel prize economics insurance spence lacks buyer transactions skilled college information asymmetry learning theory better screening studied whereas problem ignorant stiglitz contract adverse selection one party moral hazard retaliate people who effectively other party george akerlof situations where asymmetric information Search external links cited by footnotes on Wikipedia page Information asymmetry: |
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