The Market for "Lemons": Quality Uncertainty and the Market Mechanism

197022,342 citationsJournal Article

Authors

Abstract

I. Introduction, 488. — II. The model with automobiles as an example, 489. — III. Examples and applications, 492. — IV. Counteracting institutions, 499. — V. Conclusion, 500.

Topics & Keywords

Global Trade and Competitiveness

Publication Details

Published in: The Quarterly Journal of Economics

Volume 84, Issue 3, pp. 488-488

DOI: 10.2307/1879431

Field-Weighted Citation Impact: 76.68

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The Market for "Lemons": Quality Uncertainty and the Market Mechanism

Authors

Abstract

Topics & Keywords

Publication Details