Rules that restrict information required in negotiated private transactions have spurred a vast increase in the scope of anonymous financial markets, particularly in the United States. The subtle costs of the information-restricting rules raise questions about the social value of “completing” anonymous markets that would not naturally survive and did not historically exist.

中文翻译：

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对称无知：匿名柠檬的成本

限制协商私人交易所需信息的规则刺激了匿名金融市场范围的大幅扩大，尤其是在美国。信息限制规则的微妙成本引发了人们对“完成”匿名市场的社会价值的质疑，这些市场不会自然存在并且历史上不存在。