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Asymmetric information and public goods

Comments on Richard Holden "Economic theories that have changed us: asymmetric information", 3/07/2015

Asymmetric information is inevitable in reality, but appropriately providing public goods (social infrastructure) such as consumer protection laws as part of social infrastructure that can reduce the impact would be a more economical way to go.

Of course, it may take time to have relevant laws or regulations to be developed, particularly in developing countries.

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