4 ms·

I'm not talking about the subjectivity of value at all, though I can see how that might be unclear. I'm talking about the assumption of perfect information that

I'm not talking about the subjectivity of value at all, though I can see how that might be unclear. I'm talking about the assumption of perfect information that is inherent in your statement.

Multics 12y ago
In situations of asymmetrical information, there can be market solutions. Such as warranties. The information, or the lack thereof is also reflected in the price.