The Market for Lemons and the Signaling Problem

Paul Sulzberger interviews Luigi Muzii. This interview was originally published on Paul Sulzberger’s blog. What comes to mind when you think about used car salesmen? The words “sleazy”, “disreputable”, “untrustworthy” or “con man” perhaps? Of course, this assessment may be totally unfair to used car salesmen… But the market for translation has many similarities with the second-hand car market. Luigi Muzii[1] has frequently made this comparison[2]. Luigi is someone who is never too shy to elaborate on a controversial viewpoint, so I asked him what he had in mind: Paul: […]

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