Markets with Secrets: Lemons and Signaling

What happens when one side of a deal knows more than the other: Akerlof's market for lemons, health insurance, credential signaling. Asymmetric information is the parent of every agency problem — and the markets it poisons.

Playlist by @agency_problem

12 tracks, shared on Audicious.

  1. Asymmetric Information and Used Cars — Marginal Revolution University
  2. Asymmetric Information and Health Insurance — Marginal Revolution University
  3. Signaling — Marginal Revolution University
  4. A Market for Lemons: George Akerlof, Information Asymmetry, Imperfect Information & Market Failures — One Minute Economics
  5. Market Failure: Asymmetric Information (Akerlof's Lemons) — Mark Seccombe
  6. Imperfect Information and Decision Making — EconplusDal
  7. Econ in HD: Moral Hazard and Adverse Selection — Phil Smith
  8. Game Theory 101 (#76): Adverse Selection — William Spaniel
  9. 24. Market Failures II: Informational Asymmetry — MIT OpenCourseWare
  10. Adverse Selection vs. Moral Hazard — Ashley Hodgson
  11. Asymmetric Information, Adverse Selection & Moral Hazard | Economics Explained — INOMICS
  12. Market Failures, Taxes, and Subsidies: Crash Course Economics #21 — CrashCourse