Akerlofs Market for Lemons: The Classic Problem @EconJohnTutor

Akerlofs Market for Lemons: The Classic Problem @EconJohnTutor

Uploaded August 2021 | Updated September 2026, 1 week ago

In this video we work through the textbook case of akerlof's 1970 market for lemons and illustrate it as a a workhorse model for discussing markets with asymmetric information.

Akerlofs Market for Lemons: The Classic Problem

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Akerlof's Market for Lemons: The Classic Problem