Adverse selection/Definition: Difference between revisions

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imported>Nick Gardner
(New page: <noinclude>{{Subpages}}</noinclude> a partial market failure that occurs when there are traders who take advantage of ''asymmetric information'', raising uncertainty and leading to a reduc...)
 
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a partial market failure that occurs when there are traders who take advantage of ''asymmetric information'', raising uncertainty and leading to a reduction in the value of its products.
a partial [[market]] failure that occurs when there are traders who take advantage of [[asymmetric information]], raising uncertainty and leading to a reduction in the value of its products.

Revision as of 06:33, 2 February 2010

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Adverse selection [r]: a partial market failure that occurs when there are traders who take advantage of asymmetric information, raising uncertainty and leading to a reduction in the value of its products.