Information asymmetry is one of those things that is so obvious that you'd expect it to be fundamental to economics, but it wasn't until the mid-90s that mainst

Information asymmetry is one of those things that is so obvious that you'd expect it to be fundamental to economics, but it wasn't until the mid-90s that mainstream economics started to take it seriously. https://en.wikipedia.org/wiki/Information_asymmetry https://en.wikipedia.org/wiki/Information_asymmetry