Asymmetric Information

Kazuhiko Mikami ()
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Kazuhiko Mikami: University of Hyogo

Chapter Chapter 6 in Cooperatives and the Market Economy, 2025, pp 89-130 from Springer

Abstract: Abstract 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.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-2128-6_6

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DOI: 10.1007/978-981-96-2128-6_6

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