Voorneveld, Mark (contributor); … - 2004 - [Elektronische Ressource], This revision July 1, 2004
We consider a market-for-lemons model where the seller is a price setter, and, in addition to observing the price, the buyer receives a private noisy signal of the product's quality, such as when a prospective buyer looks at a car or house for sale, or when an employer interviews a job...
