上海复旦大学本科微观经济学assymmetricinfo.pptVIP

Asymmetric Information Main topics problems due to asymmetric information response to adverse selection how ignorance about quality drives out high-quality goods price discrimination due to false beliefs about quality market power from price ignorance problems arising from ignorance when hiring Problems due to asymmetric information if both parties to a transaction have limited info, neither has an advantage asymmetric info leads to opportunism, whereby informed person benefits at expense of those with less info Types of opportunistic behavior adverse selection moral hazard Adverse select