Market Efficiency and Failure · Microeconomics
Asymmetric Information and Merit Goods
Examining market failures arising from imperfect information and the under-consumption of beneficial services like healthcare.
Key Questions
- 1How does an imbalance of information lead to adverse selection in insurance markets?
- 2Is government paternalism justified in the consumption of merit goods?
- 3What incentives can realign private choices with social welfare?
MOE Syllabus Outcomes
MOE: Market Failure - JC2MOE: Asymmetric Information - JC2
Level: JC 2
Subject: Economics
Unit: Market Efficiency and Failure
Period: Microeconomics
Suggested Methodologies
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