Asymmetric Information in Markets In what ways can asymmetric information affect the functioning of a market? Four applications will be considered: adverse selection(逆向选择) signaling(信号传递) moral hazard(道德风险) incentives contractingAsymmetric Information in Markets In what ways can asymmetric information affect the functioning of a market? Four applications will be considered: adverse selection (逆向选择) signaling (信号传递) moral hazard (道德风险) incentives contracting