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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 24
Suppose you are in the market to purchase your first home. You found a house you like in your price range and are buying directly from the previous owner. Describe an information asymmetry in this situation. Explain who is likely to benefit from this information imbalance.
Explanation
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Information asymmetry:
Information asym...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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