The Market for "Lemons": Quality Uncertainty and the Market Mechanism
I. Introduction, 488. — II. The model with automobiles as an example, 489. — III. Examples and applications, 492. — IV. Counteracting institutions, 499. — V. Conclusion, 500.
Publications
2 shownA Theory of Social Custom, of Which Unemployment May be One Consequence
This paper examines adherence to social customs. Models of social customs are found to be inherently multi-equilibrial. It is found that social customs which are disadvantageous...
Researcher Info
- h-index
- 2
- Publications
- 2
- Citations
- 23,594
- Institution
- London School of Economics and Political Science
External Links
Identifiers
- ORCID
- 0000-0003-3049-6038
Impact Metrics
h-index
2
h-index: Number of publications with at least h citations each.