Atanu Dey On India's Development

July 25, 2007
by Atanu Dey
1 Comment

The Tangled Web — Part 7

Expectation Matters George Akerlof’s seminal contribution to economic theory is in the area of information imperfection and how it affects markets. His paper, “The Market for Lemons”, is brilliant and an easy read. Information asymmetry between the buyers and sellers … Continue reading