The Market for Lemons cars, the dearth of formal credit markets in developing countries, and the difficulties that the elderly encounter in buying health insurance. However, not all players in a given market will follow the same rules or have the same aptitude of assessing quality. So there will always be a distinct advantage for some vendors to offer low-quality goods to the less-informed segment of a market that, on the whole, appears to be of reasonable quality and have reasonable guarantees of certainty. This is part of the basis for the idiom buyer beware. This is likely the basis for the idiom that
The Bond Buyer paragraph: Pennsylvania Is About To Take Over Pittsburgh's Pension Fund And Rip It To Shreds" Retrieved October 20, 2010. ^ "USATODAY cites "The Bond Buyer", 2nd to last paragraph: Hundreds of tax issues on the ballots this year". Retrieved October 19, 2010. ^ "MSN.com referenced "Bond Buyer" Editor, Amy Resnick's Twitter account, for an article entitled: Bonds based on pot sales? regarding facts reported at "The Bond Buyer's" annual California Public Finance Conference". Retrieved October 8, 2010. ^ "SeekingAlpha.com cited "The Bond Buyer", 5th paragraph: Unintended Consequences of Basel III on Tax-Free Money Market Funds". Retrieved October 4, 2010. ^