We study a dynamic, decentralized lemons market with one–time entry and characterize its set of non–stationary equilibria. This framework offers a theory of how a market suffering from adverse selection recovers over time endogenously; given an initial fraction of lemons, the model provides sharp predictions about how prices and the composition of assets evolve over time. Comparing economies in...

Layoffs, Lemons, Race and Gender This paper expands on Gibbons and Katz (1991) by looking at how the difference in wage losses across plant closing and layoff varies with race and gender. We find that the differences between white males and the other groups are striking and complex. The lemons effect of layoff holds for white males as in Gibbons and Katz model, but not for the other three demog...

I show that the presence of informed buyers is necessary but not always su cient for producers to use prices as signals of product quality. A su ciently high fraction of informed buyers eliminates the lemons problem. A small fraction of informed buyers mitigates the lemons problem, provided that buyers' prior belief of high quality is su ciently pessimistic : price reveals high quality at a sig...

The aim of the present investigation was to assess and compare the antimicrobial activities of the lemon (Citrus sinensis) peel extract and lemon oil against common food borne pathogens and to study their potential as food bio-preservatives. The antagonistic activity of lemon peel extract and lemon oil was studied against common food borne pathogens like Staphylococcus aureus, Staphylococcus ep...

The effect of apple and lemon on lipid profile was studied. Forty-five people with hyperlipidaemia were selected. The forty-five respondents were randomly assigned to three groups. The first group was given an apple a day the second group one lemon drink per day, the third group was given the combination of an apple and a lemon per day. Three other variables were noted namely diet, exercise, an...

Chronic excessive alcohol consumption (more than 40-80 g/day for males and more than 20-40 g/day for females) could induce serious liver injury. In this study, effects of lemon juice on chronic alcohol-induced liver injury in mice were evaluated. The serum biochemical profiles and hepatic lipid peroxidation levels, triacylglycerol (TG) contents, antioxidant enzyme activities, and histopathologi...

BACKGROUND Affections are thought to regulate pain perception through the descending pain inhibitory system in the central nervous system. In this study, we examined in mice the affective change by inhalation of the lemon oil, which is well used for aromatherapy, and the effect of lemon odor on pain sensation. We also examined the anterior cingulate cortex (ACC) and descending pain inhibitory s...

Potential inhibitory effect of Citrus lemon (lemon) and Citrus sinensis (orange) on lipophilic, yeast like fungus, Malassezia furfur which causes Pityriasis versicolor, chronic superficial fungal disease of the skin have been studied by using two different methods: disc diffusion and microdilution methods. In screening of lemon and orange oil by disc diffusion method, the diameter of inhibition...

Lemon grass is an inexpensive raw material that can be used to produce natural silica. A method using hydrochloric acid (HCl) leaching followed by thermal combustion at 600 °C was developed to produce purified silica from lemon grass. Acid leaching temperatures of 33, 50, 80, and 110 °C were used. The silica content of the lemon grass ash was characterized using X-ray fluorescence (XRF), X-ray ...

We would like to thank Dr Lemon for his interest in our review and for opening up this correspondence. Nevertheless, we do not perceive any inaccuracies in our account (Stephens et al., 2008) of the paper by Lemon et al. (1993). There was no mention of BAL being zero during testing in the hangover phase in the 1993 paper, and we reported this. Furthermore, our account does not contradict what L...