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 Times Bad Times album, "Good Times, Bad Times... Ten Years of Godsmack". It was the only song on the album to be newly released as a single and gained moderate radio airplay on US rock stations. A music video was also created for the Godsmack version of the song, featuring live footage. Good Times Bad Times "Good Times Bad Times" is a song by the English rock band Led Zeppelin, featured as the opening track on their 1969 debut album "Led Zeppelin". The song was released as a single in the US, where it reached the Billboard Hot 100 chart. For the lead