Adverse selection/Definition: Difference between revisions

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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 (economics)|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.

Latest revision as of 18:47, 7 March 2024

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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.