Standard Setting: Political Issues. Arjun , Emily, Kira , Rajesh and Yun. 13.1 Overview. The problem of market failure is fundamental Information asymmetry which creates the demand for information production by firms also creates a demand for regulation of that information production.
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Arjun, Emily, Kira, Rajesh and Yun
- For example, exposure drafts and board representation
***Interest Group Theory formally recognizes the existence of conflicting constituencies
2. Moral Hazard