Discover strategies to overcome asymmetric information in markets, including warranties, regulations, and monitoring, for more efficient transactions.

"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 ...

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 ...

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 ...