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Home > Principles of Microeconomics (Video) > Asymmetric Information and Used Cars
Podcast: Principles of Microeconomics (Video)
Episode:

Asymmetric Information and Used Cars
Category: Education
Duration: 00:02:39
Publish Date: 0000-00-00 00:00:00
Description: 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. In the market for used cars, Akerlof posited that sellers have more...
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