Journal of Economics and Economic Education Research (Print ISSN: 1533-3590; Online ISSN: 1533-3604)


The Economics of Information Unraveling Asymmetric Information and Market Failure

Author(s): Yujia Nye

In the realm of microeconomics, the concept of information plays a pivotal role in shaping market dynamics. Asymmetric information, where one party possesses more information than the other, introduces a layer of complexity that can lead to market failures. This essay explores the economics of information, focusing on asymmetric information and its implications for market outcomes.

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