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|Title:||SOME ISSUES IN ECONOMICS OF INFORMATION|
|Publisher:||Vidyasagar University , Midnapore , West-Bengal , India|
|Series/Report no.:||Vidyasagar University Journal of Commerce;2007|
|Abstract:||The article first examines into a situation in which the seller of a product have better information about its quality than the buyers have. Then it has been seen how this kind of asymmetric information can lead to market failure. A model of quality choice is considered. The market for insurance service where buyers of insurance policies have better information than sellers of such policies has also been taken up. Then the problem of moral hazard is considered. In fine, signalling has been suggested as a solution to the problem of asymmetric information.|
|Description:||13 - 20|
|Appears in Collections:||Vidyasagar University Journal of Commerce Vol.12 |
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