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1970•The Quarterly Journal of EconomicsRequires access

The Market for "Lemons": Quality Uncertainty and the Market Mechanism

George A. Akerlof

Open publisher page 23,000 citations

Abstract

I. Introduction, 488. — II. The model with automobiles as an example, 489. — III. Examples and applications, 492. — IV. Counteracting institutions, 499. — V. Conclusion, 500.

About this research paper

What this paper is about

I. Introduction, 488. — II. The model with automobiles as an example, 489. — III. Examples and applications, 492. — IV. Counteracting institutions, 499. — V. Conclusion, 500.

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OpenAlex reports 23000 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

I. Introduction, 488. — II. The model with automobiles as an example, 489. — III. Examples and applications, 492. — IV. Counteracting institutions, 499. — V. Conclusion, 500.

Key concepts: Mechanism (biology), Quality (philosophy), Business, Market mechanism, Economics, Industrial organization, Market economy, Physics

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