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 ...

You might have heard it said that you shouldn't squeeze lemons juice over hot food, but what is the real risk here? You've likely been to restaurants that serve you hot meals with lemon wedges on the ...