For this was the analogy used in a paper about asymmetrical information that went on to win George Akerloff, its author, the Nobel Prize.
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The real issue is that buyers and sellers have asymmetrical information.
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According to Mossman, one of the main problems in the wholesale fuel industry is the lack of transparency, which creates imperfect markets because of hugely asymmetrical information.
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One such principle is Asymmetrical Information.
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