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Syllabus 2.10
Market Failure |
Video 1: Welker on Asymmetric information
Video 2: Welker on Asymetric information (Firm witholds information to workers)
Video 3: Adverse selection + moral hazard
Video 4: Stiglitz on Freefall; the Great Recession (2010)
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2.10- Market Failure Key Terms:
1. market failure 2. welfare loss 3. symmetric information 4. Adverse Secection 5. Moral Hazard |
