1. 22 Frontiers of Microeconomics 2. ASYMMETRIC INFORMATION A difference in access to relevant knowledge is calledinformation asymmetry . 3. Hidden Actions: Principals, Agents,…
1. 22 Frontiers of Microeconomics 2. ASYMMETRIC INFORMATION A difference in access to relevant knowledge is calledinformation asymmetry . 3. Hidden Actions: Principals, Agents,…
1.2222Frontiers of Microeconomics 2. ASYMMETRIC INFORMATION • A difference in access to relevant knowledge is called information asymmetryinformation asymmetry. 3. Hidden…