" Information Asymmetry and Competition in Credit Markets", by Joao Manoel Pinho de Mello, January 2005.
Power and information asymmetry will always exist, and those with less of each will always have less of each.
This information asymmetry between buyers and sellers causes insurance markets to malfunction.
Information asymmetry is shifting toward the consumer, however slightly, toward individuals and groups of individuals sharing information, and away from institutions, corporations, and governments.
An understanding of information asymmetry has improved our understanding of how various types of markets really work and the importance of corporate transparency.
And in a way I find that understandable, because the issues of information asymmetry, cultural differences, and mistrust are clearly aggravated in the case of a cross-cultural merger.
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Decades ago, sovereign ratings helped to counter acute information asymmetry.
This knowledge gap is referred to in the marketplace as information asymmetry and it is money in the bank (literally) for an organization that is willing and able to trade ahead of other market participants, its own clients included.
Nevertheless, one of the primary motivations for medicine's ethical code is the asymmetry of information that exists between doctor and patient.
The market as a whole is dominated by a relatively small number of big power companies and investment banks, raising worries about asymmetry of information.
The same power asymmetry between the abuser and the abused exists, and the same opacity of information exists.
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