The Market for Lemons

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Work

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Arts and letters

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What Wikipedia says

"The Market for 'Lemons': Quality Uncertainty and the Market Mechanism" is a widely cited seminal paper in the field of economics which explores the concept of asymmetric information in markets. The paper was written in 1970 by George Akerlof and published in the Quarterly Journal of Economics.

Excerpt from the Wikipedia article “The Market for Lemons”, under the CC BY-SA 4.0 license. Read the article on Wikipedia