单词 | asymmetrical information |
释义 | asymmetrical informationasymmetrical informationa situation where the parties to a CONTRACT have differing degrees of information, including ‘hidden’ information, concerning the terms, conditions and operational details of the contract. Thus, it may be possible for one party to ‘exploit’ this knowledge to their advantage and to the detriment of the other party. See PRINCIPAL-AGENT THEORY. |
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