Paper:Akerloflemon

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The market for "lemons": quality uncertainty and the market mechanism by George Akerlof, Quarterly Journal of Economics, Volume 84,Number 3, Page 488 - 500(Year 1970): This paper discusses the problem of adverse selection, with used-car markets as the primary working example. It discusses adverse selection in experience goods as well as adverse selection in wages. The article does not explicitly use the term "adverse selection" more than once.^{JSTOR link}

Title of the paper: The market for "lemons": quality uncertainty and the market mechanism

Author: George Akerlof (Find other works by this author)

Year of publication: 1970
Journal of publication: Quarterly Journal of Economics,Volume 84, 488 - 500
JSTOR number: 1879431 (JSTOR page (downloadable for subscribers))