Asymmetric information is the specialization and division of knowledge in society as applied to economic trade. It deals with the study of decisions in transactions where one party has more or better information than the other. In contrast to neo-classical economics which assumes perfect information. It is another significant, market failure in two basic situations. Firstly, information failure exists when some of the participants in an economic exchange do not have perfect knowledge. Secondly, information failure exists when one participant in an economic exchange knows more than the other.
More Post
-
Corporate Social Responsibility of DBBL
-
Various Banking Activities Process at Eastern Bank
-
Sample Promotion Announcement Letter Format
-
Labor Law in Bangladesh
-
Despite the Patchy Rebound, Wall Street Analysts are Optimistic about Chinese IT Companies
-
Will Topps’ SPAC-led debut expand the bustling NFT market?
Latest Post
-
Cathodic Protection – a technique for controlling corrosion
-
Electromagnetism – a discipline of physics
-
Astronomers Measure the Heaviest Black Hole Pair ever Discovered
-
Even Passive Smokers are Extensively Colonized by Microbes
-
Webb discovers Proof that a Neutron Star powers the Young Supernova Remnant
-
Flyback Transformer (FBT)