2Department of Science Education, University of Technology Yola, Nigeria
Journal Title: Academic Journal of Economic Studies - Year 2018, Vol 4, Issue 4
Abstract
Information asymmetry that dominates almost all market operations deters market performance and in some markets may lead into non-existence of market due to adverse selection problem. This paper hypothesizes that online trading reduces adverse selection problem in Smartphone market. The findings show that high quality Smart phones sell more than low quality Smart phones. Therefore, trading online induces signaling which reduces the problem of information asymmetry thereby offsetting adverse selection problem.
Authors and Affiliations
Fulgence Dominick Waryoba
Keywords
Related Articles
- EP ID EP425071
- DOI -
- Views 65
- Downloads 0
The Influence of Corporative Governance upon the Public Interest Entities in Romania
The complexity of the business environment, the more pronounced economic liberalization, increasing competition, rapid changes in technology, changes in demographics, ecological problems caused by pollution, resource dep...
Barriers to Green ICT Adoption in Romania
The efficient use and disposal of digital technologies are key factors in economic and social development. The concerns regarding the development and use of information and communication technologies (ICT), without negat...
Romanian Tourism as a Part of the European Union: Changes and Adaptations
The demand and the supply for tourism increased tremendous during the last ten years as a result of enlargement of leisure and free time availability, a growth in paid tourists packages, an increase in bought holidays us...
Effect of Communication Process on Customer Satisfaction in Improving Customer's Retention
This study aims to analyze the communication process, consumer satisfaction that led to increased consumer retention. The method used in this research is survey approach. This type of research is descriptive quantitative...
Impact of Rational Use of Forest Resources in Central African Republic on Its Economy
Given that the economy of Central African Republic as well as other tropical countries is strongly based on the exploitation of their forests, and also CAR’s forests have been exploited since colonial period until now bu...