The Market for "Lemons": Quality Uncertainty and the Market Mechanism
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Shared by NobleBlocks on Aug 1, 1970 • 12:00 AM UTC
Authors:
George A. Akerlof
Abstract
I. Introduction, 488. — II. The model with automobiles as an example, 489. — III. Examples and applications, 492. — IV. Counteracting institutions, 499. — V. Conclusion, 500.
