Three experiments examined the role of reputation for alleviating the lemons problem in an online market, and produced the following findings. First, information asymmetry drives the experimental market into a lemons market. Second, reputation about other traders moderately alleviates the lemons problem. Third, the power of reputation as a solution to the problem of lemons is substantially redu...

At a concentration of 0.025% (w/v) chitosan-chloride inhibited spore germination of Botrytis cinerea, Penicillium expansum, and Candida saitoana. In contrast, at 0.5% (w/v) glycolchitosan inhibited spore germination of B. cinerea and P. expansum, but not the growth of C. saitoana in vitro or in apple wounds. The combination of C. saitoana with 0.2% glycolchitosan was more effective in controlli...

Three experiments examined the role of reputation for alleviating the lemons problem in an online market, and produced the following findings. First, information asymmetry drives the experimental market into a lemons market. Second, reputation about other traders moderately alleviates the lemons problem. Third, the power of reputation as a solution to the problem of lemons is substantially redu...

This paper studies the impact of competition on the degree of inefficiency in lemons markets. More precisely, we characterize the second-best mechanism (i.e., the optimal mechanism with private information) in a stylized lemons market with finite numbers of buyers and sellers. We then study the relationship between the degree of efficiency of the second-best mechanism and market competitiveness...

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...

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...

In studies of infant categorization (especially sequential touching), replicas of real objects are often utilized on the assumption that infants treat replicas as they do reals. Do infants categorize replicas of objects in the same way as they categorize real objects? This question was addressed in a sequential touching task, where 14- and 18-month-olds were presented with four sets of objects:...

physical characteristics of agricultural products are the most important parameters in the design of grading, conveying, processing and packaging systems. among these physical characteristics, volume, mass, projected area and center of gravity are the most important for sizing systems. in this study, the segmentation method was used to estimate lemon volume. a total of 50 randomly selected lemo...