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
Good, Bad but Beautiful UK the album was awarded a silver disc six weeks after it was released. The original release was in stereo on vinyl and cassette. In 2005, BGO Records issued a remastered "Good, Bad but Beautiful", together with the 1973 album "Never Never Never", on a 2-CD set. Side One Side Two Good, Bad but Beautiful Good, Bad but Beautiful is a 1975 album by Shirley Bassey. In the first half of the decade, Bassey recorded nine albums, with three making the top ten. In March 1975, Bassey released a compilation that became her highest-charting album to date, "The Shirley Bassey