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Information Asymmetry
Information Asymmetry
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Definitions
Screening
Economics
Information Asymmetry
Screening
Signalling
A process by which an uninformed party elicits information from parties with private information, often in the context of economic interactions involving asymmetrical information distribution.
Read more about Screening.
Definitions
Information Asymmetry
Economics
Market Failure
Information Asymmetry
Information asymmetry occurs when one party in a transaction has more or better information than the other party.
Read more about Information Asymmetry.
Definitions
Lemon
Lemons
Market Failure
Information Asymmetry
An unsatisfactory product where quality cannot reliably be checked before purchase.
Read more about Lemon.
Definitions
Separating Equilibrium
Economics
Microeconomics
Game Theory
Information Asymmetry
An equilibrium in which agents with different characteristics choose different actions.
Read more about Separating Equilibrium.
Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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