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 Woman, Good Woman trysts. When Se-young discovers her husband's infidelity, her world goes to pieces. Bad Woman, Good Woman Bad Woman, Good Woman () is a 2007 South Korean television series starring Choi Jin-sil, Lee Jae-ryong, Sung Hyun-ah, and Jeon No-min. It aired on Mondays to Fridays at 19:45 on MBC from January 1 to July 13, 2007 for 140 episodes. The daily drama explores the true meaning of family and love, as a wife who considers herself a "good woman" agonizingly finds out about her husband's 6-year-long affair. Se-young is (Choi Jin-sil) is a devoted wife and mother who greatly values her