Ep. 652: Asymmetric Information and Entrepreneurship with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Asymmetric Information in Entrepreneurship
The puzzle of entrepreneurship earnings is intimately tied to why an individual sets up his own firm. Policies that stimulate entrepreneurship will only generate aggregate wealth if those that start firms are truly more productive as entrepreneurs, he says. "A little bit more, asymmetric information about ability pushes the most productive workers into entrepreneurship in search of higher earnings"
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