Row 702

Row ID: 702 | Dataset Entry | Axioma AXP Content Repository

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The Market for "Lemons": Quality Uncertainty and the Market Mechanism by George Akerlof. It’s not a complex paper and it illustrates a fairly simple point, but it drives home several points about the virtues and harms of information in markets.

As an academic that focuses almost exclusively on information asymmetry (and palliative disclosure mechanisms), it’s hard not to see any situation and think ‘Akerlof.’

FieldValue
text The Market for "Lemons": Quality Uncertainty and the Market Mechanism by George Akerlof. It’s not a complex paper and it illustrates a fairly simple point, but it drives home several points about the virtues and harms of information in markets. As an academic that focuses almost exclusively on information asymmetry (and palliative disclosure mechanisms), it’s hard not to see any situation and think ‘Akerlof.’
label r/econpapers
dataType comment
communityName r/EconPapers
datetime 2021-08-25
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Raw Record

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  "text": "The Market for \"Lemons\": Quality Uncertainty and the Market Mechanism by George Akerlof. It’s not a complex paper and it illustrates a fairly simple point, but it drives home several points about the virtues and harms of information in markets. \n\nAs an academic that focuses almost exclusively on information asymmetry (and palliative disclosure mechanisms), it’s hard not to see any situation and think ‘Akerlof.’",
  "label": "r/econpapers",
  "dataType": "comment",
  "communityName": "r/EconPapers",
  "datetime": "2021-08-25",
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