{"id":5003,"date":"2021-04-17T10:22:53","date_gmt":"2021-04-17T10:22:53","guid":{"rendered":"https:\/\/manager.openweb.ro\/?p=5003"},"modified":"2021-10-15T13:02:12","modified_gmt":"2021-10-15T13:02:12","slug":"competition-and-information-asymmetry","status":"publish","type":"post","link":"https:\/\/manager.faa.ro\/?p=5003","title":{"rendered":"Competition and Information Asymmetry"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5003\" class=\"elementor elementor-5003\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-59347c9 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"59347c9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-697fcb5e\" data-id=\"697fcb5e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f414b61 elementor-widget elementor-widget-text-editor\" data-id=\"f414b61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0<span style=\"color: var(--c-contrast-800); font-size: 16.604px;\">Pages: 28-36<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ffb8397 elementor-widget elementor-widget-text-editor\" data-id=\"3ffb8397\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Introduction<\/strong>.\u00a0<span style=\"font-size: 16.604px;\">The existence of information asymmetry often makes the uninformed buyer bear some additional\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">costs. It is a situation where one must act and be aware that there may be valuable information and additional\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">documentation which might reduce costs. Therefore, it is useful to analyse the relationship between\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">information asymmetry and economic growth, especially as one of the perverse effects of information asymmetry\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">is that there is not a clear obligation of the seller to voluntarily offer complete information, but on the\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">other hand, he or she is obliged to correctly answer all questions.<\/span><\/p><p><strong>Aim of the study<\/strong>.\u00a0<span style=\"font-size: 16.604px;\">The paper highlights the fact that the market analysis is not fully based on information\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">asymmetry, a concept highlighted by the theory developed in the 70\u2019s by G. Akerlof, Spence M., J. Stiglitz.\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">Information asymmetry can often lead to negative effects on unfair competition and sustainable economic\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">growth.<\/span><\/p><p><span style=\"font-size: 16.604px;\"><b>Keywords:<\/b> asymmetric information; sustainable growth; degree of operational leverage;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1036cb2c elementor-align-center elementor-widget elementor-widget-button\" data-id=\"1036cb2c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/manager.faa.ro\/wp-content\/uploads\/2021\/10\/24m_28_36.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Full text sources<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Introduction. The existence of information asymmetry often makes the uninformed buyer bear some additional costs. It is a situation where one must act and be aware that there may be valuable information and additional documentation which might reduce costs. Therefore, it is useful to analyse the relationship between information asymmetry and economic growth, especially as one of the perverse effects of information asymmetry is that there is not a clear obligation of the seller to voluntarily offer complete information, but on the other hand, he or she is obliged to correctly answer all questions.<\/p>\n<p>Aim of the study. The paper highlights the fact that the market analysis is not fully based on information asymmetry, a concept highlighted by the theory developed in the 70\u2019s by G. Akerlof, Spence M., J. Stiglitz. Information asymmetry can often lead to negative effects on unfair competition and sustainable economic growth.<br \/>\nKeywords: asymmetric information; sustainable growth; degree of operational leverage.<\/p>\n","protected":false},"author":182,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,32],"tags":[106,263,970],"coauthors":[1418],"class_list":{"0":"post-5003","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-30","7":"category-2016-vol-24-issue-2-december","8":"tag-asymmetric-information","9":"tag-degree-of-operational-leverage","10":"tag-sustainable-growth"},"_links":{"self":[{"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/posts\/5003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/users\/182"}],"replies":[{"embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5003"}],"version-history":[{"count":3,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/posts\/5003\/revisions"}],"predecessor-version":[{"id":7915,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/posts\/5003\/revisions\/7915"}],"wp:attachment":[{"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5003"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcoauthors&post=5003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}