Question

Information asymmetry in environmental problems

Answer 1

This is a situation where there is imperfect knowledge. In particular, it occurs where one party has different information to another. A good example is when selling a car, the owner is likely to have full knowledge about its service history and likelihood to break-down. The potential buyer, by contrast, will be in the dark and he may not be able to trust the car salesman.

Asymmetric information can lead to adverse selection, incomplete markets and is a type of market failure.When looking at a car, a buyer can only see the externals and not see under the bonnet. is othe example of asymmetric information.

Answer 2

don't know about information as Madrid