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

George A. Akerlof

Quarterly Journal of Economics 1970

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

DOI
10.2307/1879431
Volume
84 (3)
Pages
488
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