Which economist is credited with having been the first to discuss the "lemons problem"?
A)George Akerlof
B)Milton Friedman
C)Robert Shiller
D)James Tobin

Name: Which economist is credited with having been the first to discuss the "lemons problem"? A)George Akerlof B)Milton Friedman C)Robert Shiller D)James Tobin
Brand: Quizplus
Rating: 4.7 (47 reviews)

Question

Quizplus · Accepted Answer

George Akerlof is credited with having been the first to discuss the "lemons problem" in his 1970 paper "The Market for Lemons: Quality Uncertainty and the Market Mechanism."

Which Economist Is Credited with Having Been the First to Discuss