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The Market for Lemons. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism" [1] is a widely cited seminal paper in the field of economics which explores the concept of asymmetric information in markets. The paper was written in 1970 by George Akerlof and published in the Quarterly Journal of Economics.
The 1965 24 Hours of Le Mans was the 33rd Grand Prix of Endurance, and took place on 19 and 20 June 1965. It was also the twelfth round of the World Sportscar Championship . After the disappointing results of the previous year's race, Ford returned with an improved version of its GT. There were 11 Fords or Ford-engined cars in the field.
Lemon law protection arises under state law, with every U.S. state and the District of Columbiahaving its own lemon law.[1] Although the exact criteria vary by state, new vehicle lemon laws require that an auto manufacturer repurchase a vehicle that has a significant defect that the manufacturer is unable to repair within a reasonable amount of ...
Lemon is a rich source of vitamin C, providing 64% of the Daily Value in a 100 g reference amount (table). Other essential nutrients are low in content. Culinary. Lemon juice, rind, and peel are used in a wide variety of foods and drinks. The whole lemon is used to make marmalade, lemon curd and lemon liqueur.
A supply-chain auction is an auction for coordinating trade among various suppliers and consumers in a supply chain. [1] [2] [3] It is a generalization of a double auction. In a double auction, each deal involves two agents - a buyer and a seller, so the "supply-chain" contains only a single link. In a general supply-chain auction, each deal ...
The 1959 24 Hours of Le Mans was the 27th 24 Hours of Le Mans, Grand Prix of Endurance, and took place on 20 and 21 June 1959, on Circuit de la Sarthe. It was also the fourth round of the F.I.A. World Sports Car Championship. The prospect of an exciting duel between Ferrari, Aston Martin and giantkillers Porsche was enough to draw large crowds ...
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Auction theory is an branch of applied economics that deals with how bidders act in auctions and researches how the features of auctions incentivise predictable outcomes. Auction theory is a tool used to inform the design of real-world auctions. Sellers use auction theory to raise higher revenues while allowing buyers to procure at a lower cost.
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