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The Market for 'Lemons': Quality Uncertainty and the Market Mechanism" [1] is a widely cited seminal paper in the field of economics which explores the concept of asymmetric information in markets. The paper was written in 1970 by George Akerlof and published in the Quarterly Journal of Economics .
"The Market for Lemons" and asymmetric information [ edit ] Akerlof is perhaps best known for his article, " The Market for Lemons: Quality Uncertainty and the Market Mechanism ", published in the Quarterly Journal of Economics in 1970, in which he identified certain severe problems that afflict markets characterized by asymmetric information ...
Book list Book table 1: Unnamed parameter. Main page for sublists that are transcluded elsewhere. Transclusion to declared page will hide summaries. — background: HEX code for row background: HEX code for table header background book_number: Book number (e.g. series numbering sequence) "No." title: Book title "Title" alt_title
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{{google|1 pound in kilograms {{=}}}} 1 pound in kilograms = Use Template:= to add an = sign to trigger Google Calculator when necessary; that template cannot be substituted. {{google|1 pound in kilograms}} 1 pound in kilograms: Google may display Calculator results for some expressions even if they lack a trailing equals sign.
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A Bayesian game is defined by (,,,,), where it consists of the following elements: [5]. Set of players, N The set of players within the game Action sets, a i The set of actions available to Player i.
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