Tag Archives: bad money

NO.2 Will "Shan Zhai Pin" (the bad productions made by household workshop) take place of good-quality goods?

  • 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.