4 sellers remain · offer 9Invented market · average quality 3.0 / 5 · withdrawal, not sale

1970 / The question / 01

Why do the good cars leave?

The same appearance. Different hidden quality.
3D RECONSTRUCTION · SCHEMATIC RECONSTRUCTIONAkerlof, 1970 · Section II, pp. 489–492

The same appearance. Different hidden quality.

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The market that empties itself | Lesson Worlds