THE MARKET FOR “LEMONS”: QUALITY UNCERTAINTY AND THE MARKET MECHANISM**The author would especially like to thank Thomas Rothenberg for invaluable comments and inspiration. In addition he is indebted to Roy Radner, Albert Fishlow, Bernard Saffran, William D. Nordhaus, Giorgio La Malfa, Charles C. Holt, John Letiche, and the referee for help and suggestions. He would also like to thank the Indian Statistical Institute and the Ford Foundation for financial support.-Reference-Cited by-同舟云学术

THE MARKET FOR “LEMONS”: QUALITY UNCERTAINTY AND THE MARKET MECHANISM**The author would especially like to thank Thomas Rothenberg for invaluable comments and inspiration. In addition he is indebted to Roy Radner, Albert Fishlow, Bernard Saffran, William D. Nordhaus, Giorgio La Malfa, Charles C. Holt, John Letiche, and the referee for help and suggestions. He would also like to thank the Indian Statistical Institute and the Ford Foundation for financial support.

Published:1978 Issue: Volume: Page:235-251
ISSN:
Container-title:Uncertainty in Economics
language:
Short-container-title:

Author:

AKERLOF GEORGE A.

Publisher

Elsevier

Reference1 articles.

1. C. Wilson, The welfare benefits of a price increase in markets with adverse selection: Applications to a used car market and a labor market, unpublished, March 1977.

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