This blog started as a supplement for my Economics of Information course at MIT. However, it has expanded beyond that purpose and certainly should not be interpreted as official MIT views.
Wednesday, September 14, 2016
Asymmetric Information: The Market for Lemons
The Economist has an interesting article summarizing some of the key insights about the asymmetric information, including George Akerlof's classic about the Market for Lemons. It's part of their six part series on seminal economics ideas.
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