Verified70% confidenceFactExact time
The "lemons market" theory proposed by George Akerlof reveals that when there is severe information asymmetry between buyers and sellers, the market will experience systematic adverse selection in quality, with inferior products driving out superior ones.
4
Sources
70%
Confidence
Long-term
Relevance
7/13/2026
First Seen
Sources
AI/ML实习避坑指南：如何识别并获得真正有价值的实习
redditr/learnmachinelearning7/12/2026
Related Claims
UnverifiedCarbon markets exhibit the lemon market theory (adverse selection) phenomenon, where buyers cannot distinguish between high- and low-quality goods, causing high-quality goods to be driven out and resulting in a continuous decline in market quality.79% similarUnverifiedThe lemon market effect refers to the phenomenon where, when the cost of supplying resources drops significantly, the market is rapidly filled with low-quality products, with inferior goods driving out superior ones.75% similar
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