The Market for Lemons: Quality Uncertainty and the Market Mechanism

Research Publication

Explores how unequal information about product quality can affect market participation, pricing and the viability of exchanges. Authors: George A. Akerlof Year: 1970 Venue: Quarterly Journal of Economics Research topics: Information asymmetry; adverse selection; market quality; economic institutions DOI / identifier status: 10.2307/1879431 Open text / access status: No verified unrestricted full-text URL for the recorded 1970 edition or journal version. See Source for the publisher or catalogue reference; that reference is not an open-access claim. The record describes the original 1970 journal article. A stable publisher/JSTOR record is provided; no independently verified unrestricted full-text copy is asserted. Reference: https://doi.org/10.2307/1879431 Curation scope: edition-aware bibliographic consistency and thematic learning associations. A publisher catalogue link or verified DOI does not by itself imply unrestricted full-text access.

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