The Lemon Problem
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YouTubeAkhil Dhingra
The Lemon Problem
( www.akhildhingra.com ) "The Market for Lemons: Quality Uncertainty and the Market Mechanism" is a 1970 paper by the economist George Akerlof. It discusses information asymmetry, which occurs when the seller knows more about a product than the buyer. A lemon is an American slang term for a car that is found to be defective only after it has ...
99.1K viewsDec 6, 2013
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