Asymmetric information imposes costs on a wide range of markets and may explain why some important markets, such as most agricultural insurance markets, have failed to develop. It is hard to empirically identify the different dimensions of asymmetric information but doing so is crucial for improving efficiency and solving market failures. I develop a new experimental methodology and apply it to...

the chemical inputs threat the health of water, soil and organisms. thus, it is essential to encourage farmers to produce products with minimum use of chemical inputs. using the ordered logit model and a cross sectional data of 186 producers in 2012, this study attempted at investigating influential factors on willingness to accept (wta) of khorasan razavi province farmers to produce greenhouse...