Keyword: lemons
Lemon Laundering (6/22/2006)
Poorly informed consumers usually end up getting stuck with lemon products which are passed around to avoid capital loss.
Keywords: capital loss, durable goods, information, lemon laws, lemons, money-back guarantee, perishable goods, salvage
Market Intervention and Regulation (7/7/2006)
Market regulation may be justified under some circumstances to increase economic efficiency.
Keywords: antitrust, asymmetric information, commons goods, cost effectiveness, intervention, lemons, market, pollution, prescription drugs, public goods, Regulation