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Perfect information full insurance - PowerPoint PPT Presentation

L24

L24. Asymmetric Information. Market Efficiency. 1) Competitive markets are efficient 2) Market failures a) market power b) externalities c) public goods d) asymmetric information. Asymmetric Information. Assumption: full information about the traded commodities

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766 views • 18 slides

L25

L25. Asymmetric Information. Market Efficiency. 1) Competitive markets are efficient 2) Market failures a) market power b) externalities c) public goods d) asymmetric information. Asymmetric Information. Assumption: full information about the traded commodities

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183 views • 18 slides

L25

L25. Asymmetric Information. Road map. 1) Consumers choice 2) Equilibrium, Producers (Pareto efficiency) 3) Market Failures - fixed cost: monopoly and oligopoly - externalities and public goods - asymmetric information. Asymmetric Information.

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325 views • 17 slides

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Perfect information full insurance - PowerPoint PPT Presentation

L24

L25

L25