The Market for Lemons
papers articles
scientific paper
article
core
planned
Creators
- George Akerlof, author
Canon Rationale
A core economics article, included for asymmetric information, adverse selection, quality uncertainty, and modern microeconomic theory.
Evidence
- citation context: Akerlof, 'The Market for Lemons: Quality Uncertainty and the Market Mechanism,' Quarterly Journal of Economics, 1970.
- field survey: The Nobel Prize, George Akerlof facts and prize-context materials.
Audit Flags
version dependency, epistemic status required
Completion unit: read the full article.