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
The Good The Bad 033". Third album "From 034 to 050" was released in 2012. In March 2010, The Good The Bad were invited to play at South by Southwest festival in Austin, Texas. Continuing their affiliation with the Jail Guitar Doors charity, the band played alongside Billy Bragg, Chris Shiflett (Foo Fighters) and Wayne Kramer (MC5) at the Strummerville/Jail Guitar Doors show. Upon seeing them for first time, Wayne Kramer described The Good The Bad as "an incredible new band". Olsson and Ramdas have also played together in Sort Sol. The Good The Bad The Good The Bad are an instrumental Danish Surf