4 ms·
It's because information asymmetry allows for maximum profits.
by heavyset_go 4y ago
It's because information asymmetry allows for maximum profits.
- tomrod 4y agoI view healthcare as a service, like utilities. There is a reason the PUC exists in so many (all?) US states.
- april_22 4y agoGeorge Akerlof's work on information assymetry, especially his 'Market for Lemons' is super interesting and I can only recommend reading about it. He won the Nobel price 2001 for it. https://you.com/search?q=George+Akerlof+information+asymmetry https://you.com/search?q=George+Akerlof+information+asymmetr... https://www.investopedia.com/terms/g/george-a-akerlof.asp https://www.investopedia.com/terms/g/george-a-akerlof.asp