https://market.subwiki.org/w/index.php?action=history&feed=atom&title=Lemon 2026-09-02T12:58:47Z Revision history for this page on the wiki MediaWiki 1.41.2 https://market.subwiki.org/w/index.php?title=Lemon&diff=68&oldid=prev 2009-03-19T01:25:37Z

<p>Created page with &#039;==History== The term &#039;&#039;lemon&#039;&#039; was initially used by <a href="/w/index.php?title=George_Akerlof&amp;action=edit&amp;redlink=1" class="new" title="George Akerlof (page does not exist)">George Akerlof</a> in a paper that introduced the notion of <a href="/wiki/Adverse_selection" title="Adverse selection">adverse selection</a> by using used-car markets. Akerlof used th...&#039;</p> <p><b>New page</b></p><div>==History==<br /> <br /> The term &#039;&#039;lemon&#039;&#039; was initially used by [[George Akerlof]] in a paper that introduced the notion of [[adverse selection]] by using used-car markets. Akerlof used the word &#039;&#039;lemon&#039;&#039; to describe used cars of low quality that could not be differentiated by buyers from cars of higher quality upon casual inspection.<br /> <br /> ==Definition==<br /> <br /> A &#039;&#039;&#039;lemon&#039;&#039;&#039; is a poor quality good being offered by certain sellers in the market that cannot be differentiated from similar high-quality goods.<br /> <br /> ==References==<br /> <br /> ===Journal references===<br /> <br /> * {{paperlink|Akerloflemon}}<br /> <br /> ===Textbook references===<br /> <br /> * {{booklink|UndercoverEconomist}}, Page 112-115, Chapter 5 (&#039;&#039;The Inside Story&#039;&#039;)</div>

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