14526.pdf
International trade during the 18th century is a case in point through which to study in-depth the challenges of asymmetric information. The challenges can be divided into three categories: availability, reliability and usability of information. This article discusses the organization of trade and s...
| Γλώσσα: | English |
|---|---|
| Έκδοση: |
Firenze University Press
2022
|
| Διαθέσιμο Online: | https://books.fupress.com/doi/capitoli/978-88-6453-857-0_12 |
| Περίληψη: | International trade during the 18th century is a case in point through which to study in-depth the challenges of asymmetric information. The challenges can be divided into three categories: availability, reliability and usability of information. This article discusses the organization of trade and shipping between Northern and Southern Europe. The access, reliability and use of information were problems for merchant-shipowners during the 18th century. The solutions adopted were partly contradictory: the aim to reduce information asymmetry on one determinant, might incur costs on the other. |
|---|
