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Author: STE   |   Latest post: Sun, 18 Aug 2019, 8:21 PM

 

How Many "Lemons" Do You Have In Your Portfolio ?

Author:   |    Publish date:   |  >> Read article in Blog website


The Market for Lemons From Wikipedia, Akerlof's paper uses the market for used cars as an example of the problem of quality uncertainty. It concludes that owners of high-quality used cars will not place their cars on the used car market. A car buyer should only be able to buy low-quality used cars, and will pay accordingly. The market for good used cars does not exist. "The
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