3. Why New Cars Lose Value Instantly

This is an AI generated podcast drawing from “The Market for "Lemons": Quality Uncertainty and the Market Mechanism” by George A. Akerlof.

1970 · The Quarterly Journal of Economics

13:44 Economics

When buyers cannot tell good products from bad ones, low-quality goods drive out high-quality ones, sometimes causing markets to collapse entirely. To survive, markets rely on warranties, brand names, and licensing to signal trustworthiness.

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