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...) |
John Leach (talk | contribs) m (Text replacement - "market" to "market (economics)") |
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a partial market failure that occurs when there are traders who take advantage of | 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.