Re: mini-micro question

["Devine, James" <jdevine@xxxxxxx>]

Title: mini-micro question

no, "adverse selection" means that in the context where customers don't have as good information as the sellers, even a competitive market may be swamped with dreck.

Jim Devine jdevine@xxxxxxx &  http://myweb.lmu.edu/jdevine

-----Original Message-----
From: PEN-L list [mailto:PEN-L@xxxxxxxxxxxxxxxx]On Behalf Of Dan Scanlan
Sent: Friday, August 20, 2004 2:38 PM
To: PEN-L@xxxxxxxxxxxxxxxx
Subject: [PEN-L] mini-micro question

"adverse selection"?

Could this describe choosing a can of soup because it's "oo-oom good?"