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...) |
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a partial market failure that occurs when there are traders who take advantage of | 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. |
Revision as of 05:33, 2 February 2010
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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.