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Wednesday, October 26 2011 / Published in Injecting Perspective, Z-Blogs

Market For Lemons

WITH ONE SIMPLE RULE CHANGE, THE USEF COULD DRAMATICALLY IMPROVE THE HEALTH OF THE HORSE INDUSTRY. Here’s How: “The Market for Lemons: Quality Uncertainty and The Market Mechanism” is a paper written in 1970 by economist George Akerlof about the used car market. It sounds like another boring paper that no one but the heavy breathers could stay awake for. But it won the Nobel Prize for the author, because of its widespread application for the real world

Read more at the source: Market For Lemons

Article excerpt posted on Sidelinesnews.com from Injecting Perspective.

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Tagged under: adrotate, archives, direct-democracy, injecting perspective, injecting-perspective, lemons-cheaters, on-the-line, onward, upward, riddle-equine, september-2011, veterinarians

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