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information asymmetry

Information asymmetry is a term from the field of information economics and refers to the fact that buyers and sellers do not have the same level of information. This results in advantages for one party to the contract in terms of price and conditions. The Internet means that information asymmetry between buyers and sellers can be virtually eliminated, as price and product search engines create a high degree of information transparency.

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Englisch: information asymmetry
Updated at: 20.08.2012
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