Information asymmetry in the real estate market can be reduced by increasing transparency and access to information. This can be achieved through various means such as implementing regulations that require full disclosure of property details, encouraging the use of independent property inspections, and promoting the use of technology platforms that provide comprehensive and unbiased information about the property market. Education and awareness among buyers and sellers can also help in reducing information asymmetry.
Author Steven Levitt, working with journalist Stephen Dubner, shows how economic theories can be use...
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