Market Failure Due to Asymmetric Information - Adverse Selection and Moral Hazard

In
the book based on an inquiry into the nature and causes of the 2008
Global Financial Crisis entitled "FREEFALL - Free Markets and the
Sinking of the Global Economy", Economics Nobel Prize Laureate (2001)
and Columbia University Professor Joseph E. Stiglitz wrote:Quote"Finding
root causes is like peeling back an onion. Each explanation gives rise
to further questions at a deeper level: