1. Definition and Explanation
Such market will gradually deteriorate
and it might even wholly disappear
•Example : INSURANCE market
Potential Customers
Better idea and knowledge
Insurance Company
2. Origin
•The “lemon” problem was initially posed
by Nobel Prize winner ‘Akerlof’ in his seminal article of 1970
R
Plaintiffs:
People of the state of California
Defendant:
Orenthal James Simpson
Judge: Lance Ito
Place: Los Angeles, California
Dates of Trial: January 24, 1995-
October 3, 1995
Glove evidence
left glove : Bundy , Right Simpson’s (Aris, XL)
Nicole Brown bought pair of Aris Light XL gloves in 1990
Simpson wore Aris Light gloves from 1990 to June, 1994.
Shoe evide
4. More Literature Review before Testing our Hypothesis: “Crime and Poverty: Evidence from a Natural Experiment” and “Economic Inequality and the Rise in U.S. Imprisonment”
In previous section we set our hypothesis “Increasing Sin taxes on cigarettes in Korea will increase the number of crimes in Korea.” To explain the logic behind this relationship, we also have researched academic
I. Introduction
In the year 612 AD an Imperial Chinese army of more than a million soldiers marched on the northeast Asian kingdom of Goguryeo. Though vastly outnumbered, the soldiers of Goguryeo whom many modern-day Koreans see as their ancestors.
Now, almost 1,400 years later, Chinese scholars are claiming that the ancient kingdom of Goguryeo was a part of China’s "regional government fo
Claim: You have received a failing grade on this paper.
Support: You have several sentence fragments and subject- verb agreement errors in your paper.
Warrant: These types of errors result in a failing grade in college papers.
(1) Warrants vary depending on what people commonly believe, value, want
⇒ especially values, beliefs, and training vary from culture to culture
⇒ s