Good sex might be priceless, but there’s still a market for it. Ideally, such a market doesn’t involve money—but demand is rampant, supply plentiful, and the exchange goes on every day in every way.

Adverse selection, a concept economists devised to explain insurance market failures, might seem far removed from the grand chessboard of geopolitics. Yet at its core lies a simple and unsettling ...

There is an economic phenomenon known as “asymmetrical information”, which occurs when one party to a transaction has more information than the other. I experienced an extreme version of this, ...

Will Coinbase’s latest efforts help to level the user playing field? Perhaps, but more adoption, liquidity and regulation will also be needed. It has long been believed that investors possessing ...

“In 1967, George Akerlof, a first-year economics professor at the University of California, Berkeley, wrote a thirteen-page paper that used economic theory and a handful of equations to examine a ...

Particularly for pharmaceuticals, where asymmetric information doesn’t lead to informed choice, health-care costs for patients are unnecessarily jacked up. (IE) Every once in a while, someone will ...

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