Asymmetric Information and public policy y e Asymmetric information may call for government action in some cases, but there are some issues else o The private market can sometimes deal with information asymmetries itself o The government rarely has more information than the private parties The government is itself an imperfect institutionAsymmetric Information and Public Policy • Asymmetric information may call for government action in some cases, but there are some issues else: • The private market can sometimes deal with information asymmetries itself. • The government rarely has more information than the private parties. • The government is itself an imperfect institution