Quarterly Journal of Austrian Economics
Author:
William L. Anderson
Anthony G. Stair
Online Publish Date:
this paper in the following way: In Part II, we examine Akerlof’s 1970 paper, “The Market for Lemons,” and critique his analysis employing criticisms from DiLorenzo Akerlof’s thesis, writing: so-called asymmetric information is a source of market failure is deeply flawed. Asymmetric information is essentially a synonym for “the