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Sunday, October 11, 2020 | History

2 edition of Quality, choice, and the economics of concealment found in the catalog.

Quality, choice, and the economics of concealment

Robert R. Kerton

Quality, choice, and the economics of concealment

the marketing of lemons

by Robert R. Kerton

  • 187 Want to read
  • 26 Currently reading

Published by Canadian Law and Economics Association c/o Faculty of Law, University of Toronto in [Toronto, Ont.] .
Written in English

    Subjects:
  • Secrecy.,
  • Manufactures -- Defects.,
  • Products liability -- Economic aspects.,
  • Consumer protection -- Law and legislation.

  • Edition Notes

    Includes bibliographical references (p. 24-28)

    Statementby Robert R. Kerton and Richard W. Bodell.
    SeriesLaw and economics working paper series -- WPS-29 (1994)
    ContributionsBodell, Richard W. 1942-, Canadian Law and Economics Association., University of Toronto. Faculty of Law.
    The Physical Object
    Pagination28 p. ;
    Number of Pages28
    ID Numbers
    Open LibraryOL15572984M

    Sexually transmitted diseases (STDs) are a tremendous health and economic burden on the people of the United States. More than 12 million Americans are infected with STDs each year (CDC, DSTD/HIVP, ). In , STDs accounted for 87 percent of all cases reported among the top ten most frequently reported diseases in the United States (CDC, ).Cited by: Start studying Economics Unit 1. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Search. Browse. quantity and quality of human effort to achieve a goal (3) factors from the environment used to achieve a goal help to determine the choices of an individual-depend on the individual.

    Messages can be hidden within a book using steganographic techniques. Invisible ink may be used to write words and sentences in the book, or by underlining certain words or letters a message can be crafted.. The author of a book may include coded messages by carefully choosing the wording, such as in a simple acrostic where the first letter of each word spells . Brief Contents PART I Introduction to Economics 1 1 The Scope and Method of Economics 1 2 The Economic Problem: Scarcity and Choice 25 3 Demand, Supply, and Market Equilibrium 47 4 Demand and Supply Applications 79 PART II Concepts and Problems in Macroeconomics 97 5 Introduction to Macroeconomics 97 6 Measuring National Output and National Income 7 .

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Quality, choice, and the economics of concealment by Robert R. Kerton Download PDF EPUB FB2

The economics of concealment provides the conditions under which some sellers use resources to interfere with quality signals. This allows, at the extreme, a class of product which is a “pure lemon” in that its very existence would not be justified if consumers were fully by:   This is a choice between strategies of abatement or concealment - concealment was chosen.

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Research has shown that “lemons” can indeed occur and it has specified roles for (a) potential future purchases. The economics of concealment provides the conditions under which some sellers use resources to interfere with quality signals.

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