内容提示: The Market for "Lemons": Quality Uncertainty and the Market MechanismAuthor(s): George A. AkerlofSource: The Quarterly Journal of Economics, Vol. 84, No. 3 (Aug., 1970), pp. 488-500Published by: The MIT PressStable URL: http://www.jstor.org/stable/1879431Accessed: 18/12/...
系统标签: uncertainty market mechanism jstor sici archive TheMarketfor"Lemons":QualityUncertaintyandtheMarketMechanism GeorgeA.Akerlof TheQuarterlyJournalofEconomics,Vol.84,No.3.(Aug.,1970),pp.488-500. StableURL: http://links.jstor/sici?sici=0033-5533%28197008%2984%3A3%3C488%3ATMF%22QU%3E2.0....
The_Market_for_Lemons-Quality_Uncertainty_and_the_Market_Mechanism(Akerlof_1970)文献资料.pdf,The Market for Lemons: Quality Uncertainty and the Market Mechanism Author(s): George A. Akerlof Source: The Quarterly Journal of Economics, Vol. 84, No. 3 (Aug.
系统标签: lemons uncertainty market mechanism quality jstor TheMarketfor"Lemons":QualityUncertaintyandtheMarketMechanism Author(s):GeorgeA.Akerlof Source:TheQuarterlyJournalofEconomics,Vol.84,No.3(Aug.,1970),pp.488-500 Publishedby:OxfordUniversityPress StableURL:http://.jstor/stable/1879431. Accessed:...
我要评价: 用手机看文档 下载 开通VIP THE MARKET FOR "LEMONS":QUALITY UNCERTAINTY AND THEMARKET MECHANISM *GEORGE A. AKEELOFI. Introduction, 488. II. The model with automobiles as an example,489. III. Examples and applications, 492. IV. Counteracting institutions,499. V. Conclusion, . INTRODUC...
outside option(e.g., the entrepreneur retaining the company forever) is higher than the market value for a low-type asset. If it is,we say that the static lemons condition(SLC)holds. In a single-period model where all buyers make take-it-or-leave-it offers, this condition is necessary...
informationasymmetry,marketforlemons,publicinterest Introduction Therepeatedauditfailuresofthenowdefunct accountingfirmofAndersenareinfamous:Enron, GlobalCrossing,Sunbeam,WasteManagement, HBOCMcKesson,amongothers(Duska,2005; Staubus,2005).Inallofthesecases,Andersenren- ...
THE MARKET FOR "LEMONS": QUALITY UNCERTAINTY AND THE MARKET MECHANISM - ScienceDirect This chapter presents a relationship between quality and uncertainty. The existence of goods of many grades poses interesting and important problems for th... GA Akerlof - 《Uncertainty in Economics》 被引量: ...
B. Asymmetrical Information It has been seen that the good cars may be driven out of the marketby the lemons. But in a morecontinuouscase with different grades of goods, even worse pathologiescan exist. For it is quite possibleto have the bad driving out the not-so-baddriving out the ...
This paper relates quality and uncertainty. The existence of goods of many grades poses interesting and important problems for the theory of markets. On the one hand, the interaction of quality differences and uncertainty may explain important institutions of the labor market. On the other hand, ...