Status Updates From The Truth About Markets: Wh...

The Truth About Markets: Why Some Nations Are Rich But Most Remain Poor
by

John Kay

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Berkutay Binol is on page 200 of 426

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Berkutay Binol is starting

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Berkutay Binol is on page 35 of 426

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Miltiadis Drandakis is on page 379 of 426

Asymmetric information : not all have the same information.

Usually exposed to cases of incentive compatibility (those that have the incentive don’t have the information and those that have the information don’t have the incentive).

Asymmetric information can be dealt with regulation (eg. Government regulation) and self-regulation (eg. reputation).

— Sep 21, 2019 03:00PM Add a comment

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