Resultado de búsqueda
This paper analyzes the reasons for the “lemon” problem in the e-commerce market, using the game theory to discuss how to solve this problem, and finally gets the specific approaches from multi-angles. “Lemon” problem is a concrete manifestation of information asymmetry.
1 de nov. de 2022 · The problem of adverse selection (the lemons problem) has been modeled and studied by sequential Bayesian games (dynamic games with incomplete information), and this paper follows that tradition. Thus, several assumptions are commonly shared by the standard model and the model in this study.
In American slang, a lemon is a car that is found to be defective after it has been bought. Akerlof's theory of the "Market for Lemons" paper applies to markets with information asymmetry, focusing on the used car market.
13 de feb. de 2024 · The lemons problem exists in the marketplace for consumer and business products and investing, related to the disparity in the perceived value of investments between buyers and sellers.
29 de abr. de 2024 · The lemons problem refers to issues that arise regarding the value of an investment or product due to asymmetric information possessed by the buyer and the seller.
“The Market for ‘Lemons’” is a key article written by George Akerlof in 1970, which aims to explain some of the market failures derived from imperfect information, in this case asymmetry.
Learn what the lemons problem is, how it affects market efficiency and social welfare, and how signaling, screening, reputation, and regulation can mitigate it.
