Pharmaceuticals as a market for “lemons”: Theory and practice
Donald W. Light, Joel Lexchin
Topics & Concepts
HarmSecrecyInformation asymmetryIncentivePublic economicsEconomicsMarket powerInformation economicsBusinessAdverse selectionControl (management)Market failureMarketingActuarial scienceMicroeconomicsLawPolitical scienceMonopolyManagementPharmaceutical industry and healthcarePharmaceutical Economics and PolicyHealth Systems, Economic Evaluations, Quality of Life