Critical Mass Problems: Difference between revisions
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==Lemons== | |||
It is well known that as soon as a new car is bought and driven off the lot, its value drops significantly. Walrasian economics cannot explain this phenomena. | |||
So, what happens? | |||
Cars can be divided into two categories and two subcategories of cars: | |||
*First, a car is new or used | |||
*Second, a car is good or bad (a <nowiki>"lemon" or not</nowiki> | |||
==Tipping== | ==Tipping== | ||
Revision as of 15:25, 28 April 2009
Lemons
It is well known that as soon as a new car is bought and driven off the lot, its value drops significantly. Walrasian economics cannot explain this phenomena.
So, what happens?
Cars can be divided into two categories and two subcategories of cars:
- First, a car is new or used
- Second, a car is good or bad (a "lemon" or not
