Government Responses to Asymmetric Information

Legislation

Examples

Regulation

Examples

Private Responses

Signaling

Pros of Signalling

Examples

When hiring staff, employers ask people for their skills via a resume.

A long warranty on cars to ensure consumers that they are high quality.

Screening

Examples

Government Responses to Sustainability Threats

Examples

International Cooperation

Challenges of International Cooperation

Lack of Shared Responsibility

Inequality of Resources

Political Disagreements