The Market for Lemons car. This, in turn, motivates the owners of moderately good cars not to sell, and so on. The result is that a market in which there is asymmetric information with respect to quality shows characteristics similar to those described by Gresham's Law: the bad drives out the good. (Although Gresham's principle applies more specifically to exchange rates, modified analogies can be drawn.) Akerlof considers a situation in which demand "D" for used cars depends on the cars price "p" and quality "µ" = "µ"("p") and the supply depends on price alone. Economic equilibrium is given by "S"("p") = "D"("p","µ") and
Bad Girl Good Girl Bad Girl Good Girl "Bad Girl Good Girl" is a song recorded by K-pop girl group Miss A for their debut EP "Bad But Good". The song served as the group's debut single in July 2010. "Bad Girl Good Girl" became an instant commercial success in South Korea, topping the Gaon Digital Chart. On July 1, 2010, both "Bad Girl Good Girl" and their first EP "Bad But Good" were released. On June 30, 2010, the music video for the song was released online. The music video features the girls in a school, dancing in sync. The group had their