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The Market for "Lemons": Quality Uncertainty and the Market Mechanism
The Quarterly Journal of Economics · 1970 · Vol. 84(3) · pp. 488–488
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.
Global Trade and CompetitivenessMechanism (biology)Quality (philosophy)BusinessMarket mechanismEconomicsIndustrial organizationMarket economyPhysics
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