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Submitted by Anonymous on
Is the Akerlof/"lemons"-explanation correct? If there is no financial transaction (assuming polio vaccines are distributed for free) and no quality differentiation involved, there cant be any "lemons problem", isnt it? The polio vaccine "market" in the cited countries does not work/collapse, because the lemons are driving out the goods, but because of either asymmetry of information in general or because vaccines are experience/credence goods...