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
Bat Out of Hell II: Back into Hell to sing—it was a horrifying sound." Steinman "kept writing the music to "Bat Out of Hell part 2"... my sequel." Not being able to "bear for people not to hear those songs," Steinman recorded the album, retitled "Bad for Good", as a solo project, although Rory Dodd contributed lead vocals on some songs. Four songs from "Bad for Good" were included on "Bat Out of Hell II". In 1989, Steinman formed all-female vocal group Pandora's Box. The album, "Original Sin", was a commercial flop, but featured two songs which would also appear on "Bat II". Meat Loaf says "Jim put