Information Failure: Four Short Revision Videos

This reference resource brings together four short videos looking at aspects of information failure in markets.

Information Failure: Markets for Used Vehicles

The market for used cars is chosen here as an application of asymmetric information in markets as a possible cause of market failure.

Information Failure: Health Insurance and Adverse Selection

The health insurance market is considered in this short video including the potential problems caused by adverse selection.

Information Failure: The Anti-Vaccination Movement

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.

Information Failure: Key Analysis Diagrams

Here are some analysis diagrams that you might want to use to score good marks for analysis in exam questions on information failure.

Revision Quizlet Activity on Information Economics

Try this revision quizlet which contains a number of key terms on information economics.