4 ms·
Interesting paper, Patrick. I understand that markets with asymmetric information drive out good sellers and so only bad sellers remain, but I wonder why the ma
by unreal37 12y ago
Interesting paper, Patrick. I understand that markets with asymmetric information drive out good sellers and so only bad sellers remain, but I wonder why the markets themselves don't go out of business? We don't see places like fiverr and odesk failing. Any theories as to why?