4 ms·
Weird that this article makes no mention of the law of lemons. Information asymmetry between buyer and seller is well studied.
by ouid 5y ago
Weird that this article makes no mention of the law of lemons. Information asymmetry between buyer and seller is well studied.
- CRConrad 5y agoI think it does mention that. At least it talks about "lemon markets" and how the term "lemon" comes from the car market, and IIRC it links to the Wikipedia article on lemon market theory.