Technical innovations and a growing availability of (open) geospatial data will enlarge transparency and reduce
information asymmetry in real estate the upcoming years.
Keeping the problem of
information asymmetry in mind, professional self - regulation can be thought of in a different way.
On reading about information asymmetry and eBay in the recently released book The Inner Lives of Markets [6], I was struck by the question of
information asymmetry in the practice of law.
It was
the information asymmetry in analysis of players» value that created this opportunity.
As an aside, do read Prof. Bakshi's wonderful short post on the role of
information asymmetry in stock market crashes.
They aim to improve the problem of
information asymmetry in the land market in all Latin American cities.
We develop a theoretical and computational model of equilibrium school choice and achievement that embeds
information asymmetries in the production of education.
Not exact matches
There was this
information asymmetry between consumers and professionals
in real estate, and so we thought we could apply some of the same themes around
information empowerment.
The reason, according to Burkus, is
information asymmetry, which is a situation where one party
in a negotiation has a lot more
information than the other.
It is not surprising that the financing of early - stage creative projects and ventures is typically geographically localized since these types of funding decisions are usually predicated on personal relationships and due diligence requiring face - to - face interactions
in response to high levels of risk, uncertainty, and
information asymmetry.
And when much is at stake and the industry is marked by an
asymmetry of
information between the layman and those
in advisory roles, an organized process for defining and certifying those professionals is required.
In other words, requiring a fiduciary level of service will precipitate the propagation of research that supports such service, and proliferation of such research increases the number of appropriately informed investors, which decreases the potential pervasiveness of
information asymmetries.
There is a definite
information asymmetry that would make even a (impossible
in reality) hypothetical fully objective and independent investigation impossible to do.
However, there's plenty of evidence that shopping for schools is complicated by
information asymmetries between schools and parents and extensive stratification
in access to
information between low - income and more affluent parents.
The
information asymmetry — exacerbated by the
information hoarding done by the big ebook retail players — the growth
in dishonest actors, and the increasing disincentive for honest actors to even participate at all, make ebooks an ideal candidate for the lemon dynamic.
This
asymmetry of
information in the used car market is, according to Akerlof, the primary reason why there is a pricing disparity between a new car and even the most recent of a used car.
In the event that debtgoal.com or another similar solution should reach the critical mass needed to solve the
asymmetry problem, it will certainly be worth $ 11.95 or even $ 99.95 to purchase this
information to eliminate debt more quickly.
There is no
information asymmetry advantage
in this area.
He says a lot of work has been done showing
asymmetries in animals» bodies, but before this study there was no evidence that the wagging tail actually contained
information that other dogs could interpret.
In post-truth times, trolling,
information asymmetry, and anger are all equally efficient means of communicating.
Asher Edelman, founder of the art finance company Art Assure, translates the mechanics of guarantees into the language of the financial markets and concludes that the prices are being distorted by the
information asymmetry involved
in the third - party guarantee deals.
In the same way, applying fiduciary law to the lawyer - client relationship can be seen as providing assurance in the face of information asymmetry and addressing the fact that law is a credence goo
In the same way, applying fiduciary law to the lawyer - client relationship can be seen as providing assurance
in the face of information asymmetry and addressing the fact that law is a credence goo
in the face of
information asymmetry and addressing the fact that law is a credence good.
While we ordinarily think of professional self - regulation
in terms of protection of clients and the administration of justice, it is quite plausible to see assurance as to candour, competence, quality of service and professional conduct as addressing
information asymmetry.
But it does seem clear that
information asymmetry is a «thing» and that it is particularly applicable
in the legal services market and that market failure is a consequence of
information asymmetry.
Given the explicit conflict between the client's interest (paying less money) and the lawyer's interest (receiving more money), and given the
information asymmetry that characterizes many lawyer - client relationships, this is a field
in which regulators need to be more prescriptive.
In a recent Slaw blog, Malcolm Mercer thoughtfully explores how
information asymmetry between legal service providers and consumers may impact access to justice.
I am not convinced that we are presently
in a «moral panic» about
information asymmetry regarding pricing and quality or that lawyers are exerting sufficient pressure on regulators to change the status quo.
In my second post, I argued that a litigation finance contract arguably implicates the securities laws» interest in full and fair disclosure because of information asymmetry between the funder and the claiman
In my second post, I argued that a litigation finance contract arguably implicates the securities laws» interest
in full and fair disclosure because of information asymmetry between the funder and the claiman
in full and fair disclosure because of
information asymmetry between the funder and the claimant.
Most democracies have long betrayed these ideals, especially
asymmetries of power
in the
information order itself.
«When consumers have the same base level of facts, that's a good thing for them,» helping to correct what Humphries calls «
information asymmetries»
in real estate.
The Bureau also believes that
information asymmetry is pervasive
in the mortgage origination process.