Slide 1 A Market for Lemons Charles A. Holt Roger Sherman Slide 2 Market Failure Under Asymmetric Information 1970, George Akerlof, publishes The Market for "Lemons":…
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The Market for “Lemons”: Quality Uncertainty and the Market Mechanism George A. Akerlof, (1970). Quarterly Journal of Economics, 84 (3): 488-500 Group 1: Meredith, Barclay,…
A Market for Lemons Charles A. Holt Roger Sherman Market Failure Under Asymmetric Information 1970, George Akerlof, publishes The Market for "Lemons": Quality Uncertainty…
Industrial Economics Fall 2008 INFORMATION Basic economic theories: Full (perfect) information In reality, information is limited. Consumers do not know which store sells…
Presented by Jun-Ming Chen 6/18/2010 Outline Introduction Background research Methodology Study 1: Exploratory questionnaire Study 2: Playing with mutual modeling Study 3:…