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| Article Name : | | | THE THEORY OF THE LEMON MARKETS IN RESEARCH | | Author Name : | | | Prof. S. R. Dhere | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ISRJ-542 | | Article URL : | |  | Author Profile | | Abstract : | | | The “lemon” problem was initially posed by Nobel Prize winner Akerlof in his seminal article of 1970 and showed how a market with unbalanced information, called information asymmetry, can lead to complete disap- pearance or to offerings with poor quality where bad products (lemons) wipe out the good ones. | | Keywords : | | - lemon market
- information asymmetry
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