l. In this chapter we discuss the lemons problem and its effect on the efficient functioning of
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l. In this chapter we discuss the lemons problem and its effect on the efficient functioning of a market This theory was initially developed by George Akerlof, Go to http://www.nobel.se/economics!
This site reports that Akerlof, Michael Spence. and Joseph Stiglitz were awarded time Nobel Prize in Economics in 2001 for their work, Read this report clown through the section on George Akerlof. Summarize his research ideas in a one-page report.
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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