What does Information Asymmetry mean?
A situation where one party in a transaction has more or superior information compared to another.
In the used car market, Information Asymmetry exists because the seller knows more about the vehicle's condition than the buyer.
Information Asymmetry in German, French, Spanish and Italian
GermanInformationsasymmetrie
Zustand, in dem Marktteilnehmer über unterschiedliche Informationen verfügen.
FrenchAsymétrie d'information
Déséquilibre dans les connaissances détenues par les parties à un échange.
SpanishAsimetría de la información
Falta de igualdad en la información que poseen las partes de una transacción.
ItalianAsimmetria informativa
Situazione in cui una parte interessata ha maggiori informazioni rispetto all'altra.
Synonyms and opposites for Information Asymmetry
- Synonym Imperfect information
- Opposite Symmetric information