Concept information
Preferred term
adverse selection
Definition
- Adverse selection arises in markets where there is asymmetric information between buyers and sellers. Asymmetric information occurs when one party in a transaction or contract has information that is not observable to the other party. [Source: Encyclopedia of Health Services Research; Adverse Selection]
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-J2DMXJPD-C
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