Economics Homework Help

Topic: Economics of information

Give a couple of examples for cases with ‘asymmetric information’. What happens in markets with asymmetric information?

PROFESSOR’S GUIDANCE FOR THIS WEEK’S LE:

Asymmetric information is an interesting nonetheless not too uncommon situation that parties involved in a transaction do not have the same information regarding that trade. This has implications for such markets that we are seeking.

1. Please make sure that you read the relevant chapter from the textbook

2. Watch the YouTube videos for this week and additional course material provide

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