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http://en.m.wikipedia.org/wiki/The_Market_for_Lemons http://en.m.wikipedia.org/wiki/The_Market_for_Lemons Nothing new under the sun.
by judk 13y ago
http://en.m.wikipedia.org/wiki/The_Market_for_Lemons http://en.m.wikipedia.org/wiki/The_Market_for_Lemons
Nothing new under the sun.
- ced 13y agoBoth the American Economic Review and the Review of Economic Studies rejected the paper for "triviality," while the reviewers for Journal of Political Economy rejected it as incorrect, arguing that if this paper was correct, then no goods could be traded.[2] Only on the fourth attempt did the paper get published in Quarterly Journal of Economics.[3] Today, the paper is one of the most-cited papers in modern economic theory
- ovi256 13y agoLooks like there's a market for lemons in academic papers, as well ;) Interesting that the paper's thesis applied to itself.