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
Blood Money (Breaking Bad) Hank’s care before he will consider Walt's argument, but is refused. Hank utters that he does not know him anymore, to which Walt replies, "If that's true, if you don't know who I am, then maybe your best course would be to tread lightly." The episode is dedicated to Kevin Cordasco, a sixteen-year-old fan of "Breaking Bad" who had met several members of the series' cast and crew; Cordasco died earlier in 2013 from neuroblastoma. This was the fourth dedication in the history of the series. The term "blood money" is a "double entendre": it means money obtained at the