This reference resource brings together four short videos looking at aspects of information failure in markets.
The market for used cars is chosen here as an application of asymmetric information in markets as a possible cause of market failure.
The health insurance market is considered in this short video including the potential problems caused by adverse selection.
This video looks at a topical issue, namely the reluctance of a growing number of people in the United States and Europe to receive recommended vaccinations or refuse them altogether.
Here are some analysis diagrams that you might want to use to score good marks for analysis in exam questions on information failure.
Try this revision quizlet which contains a number of key terms on information economics.
© 2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.