Lab 9: Lemons and Warranties
Textbook reading: Kreps, Chapter 20 (the used-car and signaling ideas) and the opening pages of Chapter 21 (what a warranty does to the buyer). This lab comes after Class 18 and before Class 19.
Textbook reading: Kreps, Chapter 20 (the used-car and signaling ideas) and the opening pages of Chapter 21 (what a warranty does to the buyer). This lab comes after Class 18 and before Class 19.