
Constructing homes, rebuilding lives
PRESS RELEASE: New research adds fuel to the case for accelerating the delivery of new social housing
PRESS RELEASE: New research adds fuel to the case for accelerating the delivery of new social housing
PRESS RELEASE: Open-source kit of parts will advance the use of Modern Methods of Construction (MMC) across the housing sector
PRESS RELEASE: A new report published by the Supply Chain Sustainability School, Akerlof and the University of Salford
PRESS RELEASE: The Construction Innovation Hub has published the first edition Product Platform Rulebook, following consultation with over 200 industry and government stakeholders
PRESS RELEASE: Akerlof, Forterra and PCE collaboration recognised as Carbon Reduction Champion at the 2022 Construction News Awards
PRESS RELEASE: Led by Akerlof, a collaborative team spanning the value chain has worked to develop commercially viable processes that significantly reduce the embodied carbon
What’s with this Lemon?
His seminal paper, Market for Lemons, demonstrated the devastating consequences of making decisions under the conditions of quality uncertainty and unequal information between buyers and sellers, increasing the chance of buyers ending up with a ‘lemon’.
This 50-year-old concept continues to retain parallels within the construction industry.