- Idea:
Like “Lemon Market”, “Shan Zhai Pin” has a lower standard of quality with a lower cost, so if it cannot be easily distinguished from good-quality goods, then there will be the situation like “bad money drives out good”. I’d like to try to analysis this topic through Agent-Principal Model and make a prediction. - Process:
Not started yet. No further ideas.
NO.2 Will "Shan Zhai Pin" (the bad productions made by household workshop) take place of good-quality goods?
September 12, 2009 | 0 comments