Chapter 17-Markets with Asymmetric Information Chapter Outline Quality Uncertainty and the Market for Lemons ▣Market Signaling ▣Moral Hazard The Principal-Agent Problem Managerial Incentives in an Integrated Firm Asymmetric Information in Labor Markets: Efficiency Wage TheoryChapter 17 — Markets with Asymmetric Information Chapter Outline ❑ Quality Uncertainty and the Market for Lemons ❑ Market Signaling ❑ Moral Hazard ❑ The Principal-Agent Problem ❑ Managerial Incentives in an Integrated Firm ❑ Asymmetric Information in Labor Markets: Efficiency Wage Theory