informaatioepätasapainon
Informaatioepätasapaino, often translated as information asymmetry, is a concept that describes situations where one party in a transaction has more or better information than the other. This imbalance can lead to inefficient outcomes and market failures. In economics, it is a key consideration in understanding markets for goods and services, particularly those where quality is difficult to assess before purchase.
A classic example of information asymmetry is the used car market, famously analyzed by George Akerlof. Sellers
Information asymmetry can also arise in labor markets, where employers may have less information about a potential