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 Not Evil Good Bad Not Evil Good Bad Not Evil is the fourth studio album by garage rock band Black Lips. The album was recorded in December 2006 and released on September 11, 2007. The title is a reference to the Shangri-Las song, "Give Him a Great Big Kiss". "Good Bad Not Evil" has received generally positive reviews. On the review aggregate site Metacritic the album has a score of 73 out of 100, indicating "Generally favorable reviews." Several songs from "Good Bad Not Evil" have appeared in films. "Bad Kids" and "Veni Vidi Vici" were featured in "(500) Days of Summer".