You read the article of “Market for lemon”. Information asymmetry creates “unfa
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You read the article of “Market for lemon”. Information asymmetry creates “unfair” game in the capital markets (stock markets, bond markets, or others), and eventually makes the market be crashed by driving good firms out of the markets.
If a selective group of investors possess most of information for the firms listed in our stock market, what costs (or benefits) would the firms listed in the market take ?