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Quality, Choice, and the Economics of Concealment: The Marketing of Lemons

  • Kerton, Robert R.
  • Bodwell, Richard W.

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Paper provided by University of Waterloo, Department of Economics in its series Working Papers with number 9510.

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Length: 28 pages
Date of creation: 1995
Date of revision:
Handle: RePEc:wat:wpaper:9510
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  1. Gary S. Becker, 1974. "Crime and Punishment: An Economic Approach," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 1-54 National Bureau of Economic Research, Inc.
  2. Steven Salop, 1977. "The Noisy Monopolist: Imperfect Information, Price Dispersion and Price Discrimination," Review of Economic Studies, Oxford University Press, vol. 44(3), pages 393-406.
  3. Darby, Michael R & Karni, Edi, 1973. "Free Competition and the Optimal Amount of Fraud," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 67-88, April.
  4. Dennis E. Smallwood & John Conlisk, 1979. "Product Quality in Markets Where Consumers are Imperfectly Informed," The Quarterly Journal of Economics, Oxford University Press, vol. 93(1), pages 1-23.
  5. H. Theil, 1952. "Qualities, Prices and Budget Enquiries," Review of Economic Studies, Oxford University Press, vol. 19(3), pages 129-147.
  6. George Akerlof, 1976. "The Economics of Caste and of the Rat Race and Other Woeful Tales," The Quarterly Journal of Economics, Oxford University Press, vol. 90(4), pages 599-617.
  7. Murray, Christopher J. L. & Chen, Lincoln C., 1993. "In search of a contemporary theory for understanding mortality change," Social Science & Medicine, Elsevier, vol. 36(2), pages 143-155, January.
  8. Stigler, George J, 1970. "The Optimum Enforcement of Laws," Journal of Political Economy, University of Chicago Press, vol. 78(3), pages 526-36, May-June.
  9. Carl Shapiro, 1982. "Consumer Information, Product Quality, and Seller Reputation," Bell Journal of Economics, The RAND Corporation, vol. 13(1), pages 20-35, Spring.
  10. Klein, Benjamin & Leffler, Keith B, 1981. "The Role of Market Forces in Assuring Contractual Performance," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 615-41, August.
  11. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, Oxford University Press, vol. 84(3), pages 488-500.
  12. Crowley, Ayn E & Hoyer, Wayne D, 1994. " An Integrative Framework for Understanding Two-Sided Persuasion," Journal of Consumer Research, Oxford University Press, vol. 20(4), pages 561-74, March.
  13. H. S. Houthakker, 1952. "Compensated Changes in Quantities and Qualities Consumed," Review of Economic Studies, Oxford University Press, vol. 19(3), pages 155-164.
  14. Sen, Amartya, 1981. "Public Action and the Quality of Life in Developing Countries," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 43(4), pages 287-319, November.
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