1991-12-01, English, Article, Journal or magazine article edition: Quality differentials and prices: are cherries lemons? Rosenman, Robert E.; Wilson, Wesley W.

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Physical Description
  • table
  • graph
  • Magazine/​Journal article
Published
  • Blackwell Publishers Ltd., 1991 Dec
Language
  • English

Edition details

Title
  • Quality differentials and prices: are cherries lemons?
Appears In
  • Journal of Industrial Economics, v39, no.n6, 1991 Dec, p649(10) (ISSN: 0022-1821)
Author
  • Rosenman, Robert E.
  • Wilson, Wesley W.
Published
  • Blackwell Publishers Ltd., 1991 Dec
Physical Description
  • table
  • graph
  • Magazine/​Journal article
Subjects
Target Audience
  • Academic
Summary
  • In Akerlof's market for lemons, goods of differential qualities sell under the same standard. If no price differentials exist, then the low quality goods drive out the high quality goods. In cherry markets, heterogeneous lots of cherries sell within the same market standard. At the time of sale, buyers know only the market standard. Since different qualities sell under the same standard, the potential for lemons exists if buyers cannot identify different qualities. Our theoretical and empirical models suggest seller characteristics signal quality to buyers, and buyers pay premiums to firms with these characteristics. Thus, cherries are not lemons.
Notes
  • table
  • graph
Terms of Use
  • COPYRIGHT 1991 Blackwell Publishers Ltd.
Language
  • English
Database
  • Gale Academic OneFile
  • Gale General OneFile
Identifier
  • 11755245

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Australian Competition and Consumer Commission. ACCC Library. Not open to the public PER; Held 3 years + current Periodical; Journal, magazine, other English
Department of Agriculture and Water Resources. Department of Agriculture and Water Resources Library. May not be open to the public Online access only Periodical; Journal, magazine, other English
National Library of Australia. Open to the public 2273154; S 338.05 JOU; Vol. 1, no. 1-v. 43, no. 4 (Nov. 1952-Dec. 1995) Periodical; Journal, magazine, other English
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Ascham School: Margaret Bailey Library. Not open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
Australian Nuclear Science and Technology Organisation. ANSTO Library. Not open to the public Held. Check with Library Periodical; Journal, magazine, other English
Charles Sturt University. Bathurst Campus Library. Open to the public 000099047; P338 1; Vol. 3:no. 2 (04/1955) -Vol.52:no.4 (12/2004) Periodical; Journal, magazine, other English
Saint Ignatius' College, Riverview. Christopher Brennan Library. Not open to the public Periodical; Journal, magazine, other English
Shore School. Boer War Contingent Memorial Library. Not open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
State Library of NSW. Open to the public R DS338.05/3; Vol. 1, no. 1 (Nov. 1962)-v. 10; R N338.005/1; Vol. 11 (Nov. 1962)-v. 40, no. 4 (Dec, 1992); Cummulative index, Vol. 1-40 (1952-1992) Periodical; Journal, magazine, other English
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University of Queensland. University of Queensland Library. Open to the public b10055472; sshp HD28 .J615 : 29(1980/81)-57(2009); whsp LJ02548 : 1(1952/53)-28(1979/80) Periodical; Journal, magazine, other English
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CSIRO. Library Services. Not open to the public 999782750001981; Wiley Online Library Database Model 2017. Online Access. Available for document delivery. Restrictions apply.; Available from 1997 volume: 45 issue: 1 Periodical; Journal, magazine, other English
Mentone Girls' Grammar School. Kerferd Library . Not open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
Monash University. Monash University Library. Open to the public 99319401751; 338.05 J86; v. 1, no. 1 (Nov. 1952) to v. 54, no. 4 (Dec. 2006); OS; YOS-SER Periodical; Journal, magazine, other English
National Gallery of Victoria. The Shaw Research Library. May not be open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
Productivity Commission. Melbourne Office Library. May not be open to the public JOURNAL; Vol. 30 - Vol. 56; 1981-2008; Keep all issues Periodical; Journal, magazine, other English
RMIT University. RMIT University Library. Open to the public 9912305950001341; PER 338 J86; Held in Storage. Request from <a href=http://www.rmit.edu.au/library/dds target=_blank>Document Delivery</a>; v. 19, no. 1 (1970)-v. 45, no. 4 (Dec. 1997) Periodical; Journal, magazine, other English
The University of Melbourne. The University of Melbourne Library. Open to the public ECO P 338.05 JIE; v.1-v.53 (ECO); 1952/53-2005 Periodical; Journal, magazine, other English
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