Asymmetric information, occupational choice and government policy
(2003)
Journal Article
Parker, S. (2003). Asymmetric information, occupational choice and government policy. The Economic Journal, 113(490), 861-882. https://doi.org/10.1111/1468-0297.t01-1-00157
A model of credit markets under asymmetric information is proposed in which individuals differ in abilities that are valued in both entrepreneurship and paid employment. Unlike the heterogeneous ability model of de Meza and Webb (1987), over-investme... Read More about Asymmetric information, occupational choice and government policy.