CronoDAS comments on (One reason) why capitalism is much maligned - Less Wrong

1 Post author: multifoliaterose 19 July 2010 03:48AM

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Comment author: CronoDAS 19 July 2010 06:21:33PM 3 points [-]

And there's also adverse selection / information asymmetry effects, as in "The Market for Lemons". (There's a big difference between the market price of a new car and a used car that was purchased new from a dealer one day ago.)