Economics of Asymmetric Information is an edited volume out of selected papers presented in one of the technical sessions of the 85th conference of the Indian Economic association held at Thiruvananthapuram. It contains altogether 17 papers presented in 5 groups. These groups and the respective author are : (1) Institutional Implications of Asymmetric information theories (U. Sankar, Nirmal Sengupta, T.V.S. Ramamohan Rao, T. Lakshmanaswamy), (II) General positive of normative issues (Debes mukhopadhyay, K.K. Kaushik and Sanju Karol, Asim Karmakar, V.s. Deshpande and S.V. Deshpande), (III) General Macro-economic issues (Amalesh Banerjee, Arvind Awasthi), (iv) Issues relating to banking and financial sectors (Biswajit chatterjee and Ram Pratap Sinha, Debabrata Datta, Nitish Datta, Manob Sen), and (v) Other important sectoral applications (Sandeep Kumar, P. Ganeshan, N.B. Pradhan and B. Patro and P. Sahu). It also contains an editorial introduction by Dilip M. Nachane and Biswajit Chatterjee and foreword by Raj Kumar Sen. This book is expected to be an important addition to the growing literature on information related problems in economics.