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Chapter 19: Asymmetric Information

Applications

Applications

• Commercial Free Speech vs. Strength Wars 
  
  
• Everyone Talks About the Weather
  
  
• Keeping Consumers Ignorant
  
  
• Labeling Laws
  
  
• Price Dispersion
  
  
• Rent-to-Own Stores
  
  
• Taking Candy from Babies and Their Parents
  
  
• Wages Rise with Education
  
  
• Wholesale Market for Cherries
  
  
• Wholesale Used-Car Auctions
  
  
• Guaranteed College
  
  
• Recycling Lemons
  
  
• Advertising Lowers Prices
  
  

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