A Market for Lemons: George Akerlof, Information Asymmetry, Imperfect Information & Market Failures
1:37
YouTubeOne Minute Economics
A Market for Lemons: George Akerlof, Information Asymmetry, Imperfect Information & Market Failures
In perhaps one of the most interesting Nobel price stories with respect to economics, George Akerlof managed to hit it big thanks to his research on information asymmetry, with "A Market for Lemons" being iconic in this respect. This video explains, in just one minute, what information asymmetry is all about, why you should care and how "A ...
85.3K viewsJan 23, 2020
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