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The Market for "Lemons": Quality Uncertainty and the Market Mechanism
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The Market for "Lemons": Quality Uncertainty and the Market Mechanism
The Market for "Lemons": Quality Uncertainty and the Market Mechanism
GA
George A. Akerlof
George A. Akerlof
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1 August 1970
journal article
Published by
Oxford University Press (OUP)
in
The Quarterly Journal of Economics
Vol. 84
(3)
,
488-500
https://doi.org/10.2307/1879431
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.
Keywords
MODEL
MARKET
INTRODUCTION
LEMONS
AUTOMOBILES
III
QUALITY UNCERTAINTY
COUNTERACTING
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Cited by 12566 articles