Akerlof’s seminal model on asymmetric information forms the basis for a broad range of regulatory interventions aimed at addressing the adverse effects of unequal information between transacting parties. While a groundbreaking model of the effects of information asymmetries in markets, Akerlof’s model does not examine why information asymmetries emerge. This article argues that an examination of the underlying drivers and origins of information asymmetries revitalises the policy rationale for regulatory intervention.

中文翻译：

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信息不对称的根源：重新审视监管的基本原理

阿克洛夫关于不对称信息的开创性模型构成了广泛的监管干预措施的基础，旨在解决交易双方之间信息不平等的不利影响。虽然阿克洛夫模型是市场中信息不对称影响的开创性模型，但它并没有研究信息不对称出现的原因。本文认为，对信息不对称的根本驱动因素和根源的研究可以重振监管干预的政策理由。