Home > Terms > Armenian (HY) > ասիմետրիկ ինֆորմացիա
ասիմետրիկ ինֆորմացիա
When somebody knows more than somebody else. Such asymmetric information can make it difficult for the two people to do business together, which is why economists, especially those practicing game theory, are interested in it. Transactions involving asymmetric (or private) information are everywhere. A government selling broadcasting licenses does not know what buyers are prepared to pay for them; a lender does not know how likely a borrower is to repay; a used-car seller knows more about the quality of the car being sold than do potential buyers. This kind of asymmetry can distort people's incentives and result in significant inefficiencies.
0
0
Forbedr det
- Del af tale: noun
- Synonym(er):
- Blossary:
- Branche/domæne: Economy
- Category: Economics
- Company: The Economist
- Produkt:
- Akronym-forkortelse:
Andre sprog:
Hvad vil du sige?
Terms in the News
Featured Terms
Bidragyder
Featured blossaries
Browers Terms By Category
- SSL certificates(48)
- Wireless telecommunications(3)
Wireless technologies(51) Terms
- Christmas(52)
- Easter(33)
- Spring festival(22)
- Thanksgiving(15)
- Spanish festivals(11)
- Halloween(3)
Festivals(140) Terms
- World history(1480)
- Israeli history(1427)
- American history(1149)
- Medieval(467)
- Nazi Germany(442)
- Egyptian history(242)
History(6037) Terms
- Dating(35)
- Romantic love(13)
- Platonic love(2)
- Family love(1)
Love(51) Terms
- Plastic injection molding(392)
- Industrial manufacturing(279)
- Paper production(220)
- Fiberglass(171)
- Contract manufacturing(108)
- Glass(45)