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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.
Nov 14, 2003 · by George A. Akerlof 2001 Laureate in Economics. I wrote “The Market for ‘Lemons,'” (a 13-page paper for which I was awarded the Prize in Economics) during my first year as assistant professor at Berkeley, in 1966-67. * “Lemons” deals with a problem as old as markets themselves.
The Market for "Lemons": Quality Uncertainty and the Market Mechanism. George A. Akerlof. The Quarterly Journal of Economics, Vol. 84, No. 3. (Aug., 1970), pp. 488-500. Stable URL: http://links.jstor.org/sici?sici=0033-5533%28197008%2984%3A3%3C488%3ATMF%22QU%3E2.0.CO%3B2-6. The Quarterly Journal of Economics is currently published by The MIT Press.
Aug 1, 1970 · Market for “Lemons”: Quality Uncertainty and the Market Mechanism* | The Quarterly Journal of Economics | Oxford Academic. Volume 84. Issue 3. August 1970. Journal Article. The Market for “Lemons”: Quality Uncertainty and the Market Mechanism. Get access. George A. Akerlof.
- George A. Akerlof
- 1970
The market for “lemons”: quality uncertainty and the market mechanism; George A. Akerlof; Book: An Economic Theorist's Book of Tales; Online publication: 18 December 2009; Chapter DOI: https://doi.org/10.1017/CBO9780511609381.002
- George A. Akerlof
- 1970
1.4 - The market for “lemons”: quality uncertainty and the market mechanism. Published online by Cambridge University Press: 10 November 2010. By. George A. Akerlof. Edited by. Victor P. Goldberg. Chapter. Get access. Cite. Summary. There are many markets in which buyers use some market statistic to judge the quality of prospective purchases.
Jan 1, 1978 · This chapter presents a relationship between quality and uncertainty. The existence of goods of many grades poses interesting and important problems for the theory of markets. There are many markets in which buyers use some market statistic to judge the quality of prospective purchases.
