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 and Bad at Games who is 'bad at games'. Ten years later Cox uses the naive and equal outsider Niles, who is only included in the clique because he is 'good at games', to find out more about the lead persecutor (Mount), in order to exact revenge. Good and Bad at Games Good and Bad at Games is a UK television drama that was one of the first programmes broadcast on Channel 4 Television in 1983. The screenplay was written by William Boyd and the lead roles of Cox, Mount and Niles were played by Anton Lesser, Dominic Jephcott and Martyn Stanbridge. A young