Asymmetric Information

When one party to an economic transaction possesses greater material knowledge than the other party.

Asymmetric Information and Health Insurance

In this video, we discuss asymmetric information, adverse selection, and propitious selection in relation to the market for health insurance. Health insurance consumers come in a range of health, but to insurance companies, everyone has the same average health.

Water and Asymmetric Information

Why is it so hard to regulate private water companies effectively? This video presents some general conundrums of regulation

Asymmetric Information and Used Cars

George Akerlof, a Nobel Prize-winning economist, analyzed the theory of adverse selection – which occurs when an offer conveys negative information about what is being offered.
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