Asymetric Information and Consumers: Empirical Study about Spanish low cost air transport sector

  1. Náñez Alonso, Sergio Luis
  2. Santos Jiménez, Silvia
Revista:
Atlantico Business Journal (ABS)

Any de publicació: 2019

Volum: 3

Número: 1

Pàgines: 9-13

Tipus: Article

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Resum

This article deals with asymmetric information of imperfect information present in the market. It will be seen how, without being aware, the lack of information leads to inefficient decision making. More specifically, it will be exposed how this market failure is present in the Low Cost air sector. The last points contain an empirical study that will try to quatify, in monetary terms, the economic loss that implies the lack of information in the purchase of airlines tickets.