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On the market for "Lemons": quality provision in markets with asymmetric information

Economics

On the market for "Lemons": quality provision in markets with asymmetric information

K. Giannakas and M. Fulton

Discover the intriguing dynamics of product quality in markets influenced by asymmetric information! Conducted by Konstantinos Giannakas and Murray Fulton, this research unveils the conditions that allow low- and high-quality products to coexist, challenging the common belief that low-quality always prevails. Dive into the insights derived from a simple yet powerful model.

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Playback language: English
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