1. Education
Send to a Friend via Email
Lemons Model
<Back to Last Page>     <Full Glossary>

Definition of Lemons Model: Lemons model describes models like that of Akerlof's 1970 paper, in which the fact that a good is available suggests that it is of low quality. For example, why are used cars for sale? In many cases because they are "lemons," that is, they were problematic to their previous owners. (Econterms)

Terms related to Lemons Model:
None

About.Com Resources on Lemons Model:
None

Writing a Term Paper? Here are a few starting points for research on Lemons Model:

Books on Lemons Model:
None

Journal Articles on Lemons Model:
None

<Return to Main Page>

©2014 About.com. All rights reserved.