Presentation on Informational Failures
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This PDF here offers a teaching guide for the topic of Informational Failures, that may be useful:
It covers:
- Imperfect information
- Asymmetric information
- Examples of these in free markets, with links out to various sources
- The issue of adverse selection and moral hazard
- Examples of these in action, from credit markets in developing countries to the Northern Rock bail out
- Extension of the topic to shown an accessible algebraic analysis of Akerlof’s Lemons, perhaps more suited to the Oxbridge economists
- Articles from the Economist and Slate on asymmetric information
Information_failures_2010_MT.pdf
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