Hi everybody.
I'm translating a dissertation for a friend, about the EC Directive 1999/44 and its importance in harmonizing each Member State's laws with a common European law (kinda).
At one point the author says: " Efficient rules for the protection of consumers’ expectations are public goods which increase the reliability of market transactions, correcting asymmetric information and lemons problems".
Is there a typo or does lemon have another meaning, besides being a yellow fruit?
I'm translating a dissertation for a friend, about the EC Directive 1999/44 and its importance in harmonizing each Member State's laws with a common European law (kinda).
At one point the author says: " Efficient rules for the protection of consumers’ expectations are public goods which increase the reliability of market transactions, correcting asymmetric information and lemons problems".
Is there a typo or does lemon have another meaning, besides being a yellow fruit?