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Vor 3 Tagen · In this video, we explore George Akerlof's groundbreaking 1970 paper, "The Market for 'Lemons'," which examines the impact of quality uncertainty and informa...
- 5 Min.
- 11
- Neel
Vor 3 Tagen · It was for this contribution to the theory of information asymmetry that he shared the Nobel Memorial Prize in Economics with George A. Akerlof and A. Michael Spence in 2001 "for laying the foundations for the theory of markets with asymmetric information".
Vor 4 Tagen · 1977 wurde Janet Yellen von Ted Truman rekrutiert, für das Federal Reserve Board of Governors zu arbeiten. Dort lernte sie ihren späteren Ehemann George Akerlof kennen. Sie heiratete ihn kaum...
Vor 5 Tagen · Externalities, barriers to entry, concentration of economic power for lenders and so on are all important factors that can affect how credit markets function. If you are interested in this, please check out this overview paper [5] or the classic Market for Lemons paper by George Akerlof [6]. Parting Thoughts and What’s Next
Vor 4 Tagen · Secretary Yellen’s scholarship has focused on a range of issues pertaining to labor and macroeconomics. Her work on “efficiency wages” with her husband George Akerlof studied why firms often choose to pay more than the minimum needed to hire employees. These businesses, they found, are often making a wise decision. Firms that ...
Vor 4 Tagen · There are amusing digressions, like a chapter in which Mabel Newcomer, a real-life Vassar professor who was part of the team, buys a car by applying the logic of "asymmetric information," also known as the "Lemon Problem," that would later win George Akerlof a Nobel prize.
Vor einem Tag · Einen Überschuss von 620% an Pflegebedürftigen hat Karl Lauterbach in seiner Amtszeit produziert, und er hat keine Ahnung wie. Und obschon er keine Ahnung hat, woran das liegt, wie er eingesteht, eher ungewöhnlich für Lauterbach, seine Wissenslücken auch einzugestehen, verständlich, denn er wäre durchweg am Eingestehen, wäre er konsequent, weiß er es dann doch: Babyboomer werden ...
