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 for Good this album. The nude gymnasium scene is out, along with the other title 'Renegade Angel'." Around this time, Steinman contributed all eight songs for Meat Loaf's album "Dead Ringer", which was also released in 1981. The first two songs, "Bad for Good" and "Lost Boys and Golden Girls", were two of many songs written by Steinman under the inspiration of "Peter Pan" and lost boys who never grow up. This is reflected in lyrics in "Bad for Good" such as "You know I'm gonna be like this forever: I'm never gonna be what I should." The composer says that "Peter