This video is a great animated piece called "The Consumer Decision Making Zone", that illustrates the principles of private information, moral hazard, and the lemons problem.
The Consumer Decision Making Zone
No TrackBacks
TrackBack URL: http://www.econosseur.com/cgi-bin/mt/mt-tb.cgi/18
Authors
- Richard W. Evans is an Assistant Professor of Economics at Brigham Young University
- Jason DeBacker is a Washington, D.C. economist.