Information asymmetry (section Akerlof) George Akerlof's paper The Market for Lemons introduced a model to help explain a variety of market outcomes when quality is uncertain. Akerlof's primary... 65 KB (8,466 words) - 10:31, 3 April 2024 |
the Presidential Medal of Freedom in 2014. Four of his PhD students, George Akerlof, Joseph Stiglitz, Peter Diamond, and William Nordhaus, later received... 38 KB (3,190 words) - 01:38, 23 April 2024 |
follow-up to their Think Small advertising campaign for VW. Economist George Akerlof in his 1970 paper "The Market for Lemons: Quality Uncertainty and the... 7 KB (923 words) - 23:41, 31 October 2023 |
selection is George Akerlof's The Market for Lemons. The most common example of the Lemons Market is in the automobile industry. As suggested by Akerlof, there... 37 KB (4,039 words) - 19:22, 29 April 2024 |
Retrieved 2021-10-22. "The Market for Lemons", 1970 paper by the economist George Akerlof Interview with John J. Woodcock III of West Hartford, Connecticut. Woodcock... 13 KB (1,620 words) - 04:10, 1 February 2024 |