In a developing country with severe market failures, issues of acute asymmetry of information
, and weak regulatory framework towards both controlling speculative activity and foreign portfolio investment, this policy will not help 'promote strong and sustainable growth in Pakistan' to quote the thinking of the currently acting managing director (and previously, deputy managing director) of IMF, David Lipton.
There is also a need for insurers to protect themselves against the mounting threat of asymmetry of information
, anti-selection and regulation banning the use of genetic information in underwriting.
After all, rankings constitute an important source to reduce the asymmetry of information
in a massive market such as that of higher education, allowing comparison between institutions on a common basis, favoring in this way the decision making in different levels and environments.
In most cases, the problem has been about the asymmetry of information
, something that both governments have taken steps to overcome in recent years.
(13.) See Akerlof supra note 12, at 489-490 (illustration of effects of asymmetry of information
between buyer and seller).
This has triggered the need for the authorities to cooperate with their international counterparts in order to reduce the risk of diverging assessments and asymmetry of information
in parallel procedures.
Another exception to the invisible hand theory is what economists refer to as asymmetry of information
. This is when either the seller or the buyer possesses information about the product or
A good example of the problem that this asymmetry of information
can have comes from Ghana, which began oil production from its Jubilee Field in 2010.
The blockchain technology enables a faster and cheaper exchange of assets and financial products between individuals without an [intermediary], which reduces the asymmetry of information
between the individuals.'
Asma Hunaid, a Pakistani consultant based in Sharjah, said: "Asymmetry of information
doesn't necessarily have to negatively affect a friendship.