Aspects of the Lemons Problem as Treated in Jewish Law
Commercial transactions are often characterized by asymmetric information between the buyer and seller: one side of the market, usually the seller, knows more about the quality of the product or service offered than the other side. In his 1970 seminal article, George Akerlof predicted that unless co...
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Format: | Electronic Article |
Language: | English |
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Published: |
Cambridge Univ. Press
2008
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In: |
Journal of law and religion
Year: 2008, Volume: 23, Issue: 2, Pages: 379-424 |
Online Access: |
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