Market for Lemons

GPTKB entity

Statements (62)
Predicate Object
gptkbp:instance_of gptkb:economic_analysis
gptkbp:affects consumer trust
gptkbp:analyzes quality uncertainty
gptkbp:applies_to used car market
gptkbp:case_analysis market analysis
market dynamics
gptkbp:concept transaction cost economics
gptkbp:contributes_to gptkb:economic_analysis
gptkbp:critical_analysis information asymmetry
economic transactions
gptkbp:depicts the importance of transparency
the concept of lemons problem
gptkbp:discusses asymmetric information
gptkbp:explains market failure
gptkbp:highlights the role of information
https://www.w3.org/2000/01/rdf-schema#label Market for Lemons
gptkbp:influences information economics
gptkbp:is_a_basis_for consumer behavior
economic models
gptkbp:is_a_critical_concept_in economic education
gptkbp:is_a_foundation_for gptkb:economic_analysis
microeconomics
market signaling theory
gptkbp:is_a_foundational_theory_for understanding market signals
gptkbp:is_a_framework_for market interactions
understanding market behavior
gptkbp:is_a_reference_for gptkb:market_research
economic policy makers
gptkbp:is_a_reference_for_understanding market behavior
gptkbp:is_a_significant_theory_in economic thought
gptkbp:is_a_subject_of gptkb:academic_research
gptkb:economic_analysis
economists
policy analysts
behavioral finance
gptkbp:is_analyzed_in gptkb:strategy
gptkbp:is_associated_with moral hazard
gptkbp:is_cited_in economic literature
numerous economic studies
gptkbp:is_critical_for market theory
gptkbp:is_described_as price discrimination
gptkbp:is_discussed_in economic textbooks
gptkbp:is_essential_for regulatory frameworks
gptkbp:is_referenced_in policy discussions
gptkbp:is_related_to market efficiency
gptkbp:is_relevant_to consumer protection laws
market regulation
insurance markets
gptkbp:is_studied_in gptkb:economic_analysis
economic modeling
gptkbp:key_concept contract theory
supply and demand theory
gptkbp:key_feature market imperfections
information failure
gptkbp:notable_contributor the field of economics
gptkbp:proposed_by gptkb:George_Akerlof
gptkbp:published_in gptkb:1970
gptkbp:related_to adverse selection
gptkbp:topics gptkb:economic_policies
economic discussions
gptkbp:bfsParent gptkb:George_Akerlof
gptkbp:bfsLayer 5