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 "Bloomberg credits "The Bond Buyer" for reporting facts first, end of story: Moody's Asks Municipalities to Indemnify Firm on Ratings". Retrieved August 26, 2010. ^ "Bloomberg credits "The Bond Buyer" for reporting facts first, 3rd paragraph: Build America Bond Subsidy Cost May Increase by $6 Billion, CBO Estimates". Retrieved August 20, 2010. ^ "Bloomberg credits "The Bond Buyer" for reporting facts first, 6th paragraph: New Jersey Seeks Adviser on Plan to Tap $1 Billion of Unspent Bond Funds". Retrieved August 10, 2010. The Bond Buyer The Bond Buyer is a century-old daily national trade newspaper based in New York City