Joint post by Willem H. Buiter and Anne C. Sibert. Virtually the same post appeared on September 2 on Martin Wolf’s Economists’ Forum. In his column ‘Central Banks should not rescue fools’, Martin ...

Mota is a new company that wants to fix the famous “lemons” problem by restoring trust to the used car market. When sellers put up their cars, Mota asks them typical questions about the quality of ...

"Lemon" products are items that perform poorly. Simply put, they're bad purchases. People buy lemons because they lack the correct information: that is, if they knew that a product was a lemon, they ...

A “lemons problem” is what economists call situations where sellers have more information about the quality of what they're selling than buyers do. There’s a real-life example going on right now with ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The citric fruit is cropping up in the oddest of places — specifically, in relation to Tim Geithner’s PPIP plan ...

George Akerlof, in his Nobel prize autobiography, tells the story of his prize-winning paper on ?The Market for Lemons?. He wrote it as a first-year assistant professor at UC Berkeley, but revised it ...