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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…
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Slide 1 “Political Economy Problems” In the Analysis of Trade Policy Doug Nelson School of Economics Slide 2 Blinder’s Law Blinder’s Law: Economists have least influence…