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The previous chapter explored how market power in the market for goods and services affects the efficiency of a capitalist firm, worker cooperative, and consumer cooperative. This chapter focuses on asymmetric information as the cause of market failure and examines its implications for an efficient form of enterprise.

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Asymmetric Information

  • 章节

  • 发表日期：

    2025年

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  • Kazuhiko Mikami

摘要

The previous chapter explored how market power in the market for goods and services affects the efficiency of a capitalist firm, worker cooperative, and consumer cooperative. This chapter focuses on asymmetric information as the cause of market failure and examines its implications for an efficient form of enterprise.