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The Nature of Equilibrium in Markets with Adverse Selection

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Cited by:

  1. Adriani, Fabrizio & Deidda, Luca G., 2011. "Competition and the signaling role of prices," International Journal of Industrial Organization, Elsevier, vol. 29(4), pages 412-425, July.
  2. Dionne, Georges, 2000. "The Empirical Measure of Information Problems with Emphasis on Insurance Fraud," Working Papers 00-4, HEC Montreal, Canada Research Chair in Risk Management.
  3. Andrew Weiss, 1985. "High School Graduation, Performance and Earnings," NBER Working Papers 1595, National Bureau of Economic Research, Inc.
  4. Santanu Roy, 2014. "Dynamic sorting in durable goods markets with buyer heterogeneity," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 47(3), pages 1010-1031, August.
  5. Maarten Janssen & Santanu Roy, 2004. "On durable goods markets with entry and adverse selection," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(3), pages 552-589, August.
  6. Thomas J. Miceli, 2020. "Trading in Information: On the Unlikely Correspondence Between Patents and Blackmail Law," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 56(4), pages 637-650, June.
  7. Dionne, Georges, 1998. "La mesure empirique des problèmes d’information," L'Actualité Economique, Société Canadienne de Science Economique, vol. 74(4), pages 585-606, décembre.
  8. Izquierdo, Segismundo S. & Izquierdo, Luis R., 2007. "The impact of quality uncertainty without asymmetric information on market efficiency," Journal of Business Research, Elsevier, vol. 60(8), pages 858-867, August.
  9. Moreno, Diego & Wooders, John, 2016. "Dynamic markets for lemons: performance, liquidity, and policy intervention," Theoretical Economics, Econometric Society, vol. 11(2), May.
  10. Camargo, Braz & Lester, Benjamin, 2014. "Trading dynamics in decentralized markets with adverse selection," Journal of Economic Theory, Elsevier, vol. 153(C), pages 534-568.
  11. Kirstein, Annette & Kirstein, Roland, 2004. "Less Rationality, More Efficiency: a Laboratory Experiment on "Lemons" Markets," CSLE Discussion Paper Series 2004-02 [rev.], Saarland University, CSLE - Center for the Study of Law and Economics.
  12. Tyler Cowen & Amihai Glazer & Henry McMillan, 1994. "Rent Seeking Can Promote The Provision Of Public Goods," Economics and Politics, Wiley Blackwell, vol. 6(2), pages 131-145, July.
  13. Adriani, Fabrizio & Deidda, Luca G., 2009. "Price signaling and the strategic benefits of price rigidities," Games and Economic Behavior, Elsevier, vol. 67(2), pages 335-350, November.
  14. Patrick Bajari & Han Hong & Ahmed Khwaja, 2006. "Moral Hazard, Adverse Selection and Health Expenditures: A Semiparametric Analysis," NBER Working Papers 12445, National Bureau of Economic Research, Inc.
  15. Balázs, Péter, 2024. "Az európai regionális integráció jövője. Kormányzási és elosztási dilemmák [The future of European regional integration. Dilemmas of governance and redistribution]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 483-494.
  16. Blouin, Max R., 2003. "Quality undersupply and oversupply," Journal of Economic Theory, Elsevier, vol. 109(1), pages 130-139, March.
  17. Liran Einav & Amy Finkelstein & Mark R. Cullen, 2010. "Estimating Welfare in Insurance Markets Using Variation in Prices," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(3), pages 877-921.
  18. Dariel, Aurelie & Riedl, Arno & Siegenthaler, Simon, 2019. "Hiring through Referrals in a Labor Market with Adverse Selection," IZA Discussion Papers 12287, Institute of Labor Economics (IZA).
  19. Yuji Tamura, 2013. "Migrant smuggling when exploitation is private information," Canadian Journal of Economics, Canadian Economics Association, vol. 46(4), pages 1463-1479, November.
  20. Barlevy, Gadi & Veronesi, Pietro, 2003. "Rational panics and stock market crashes," Journal of Economic Theory, Elsevier, vol. 110(2), pages 234-263, June.
  21. Benhabib, Jess & Dong, Feng & Wang, Pengfei, 2018. "Adverse selection and self-fulfilling business cycles," Journal of Monetary Economics, Elsevier, vol. 94(C), pages 114-130.
  22. Olivia S. Mitchell, 1999. "New Evidence on the Money's Worth of Individual Annuities," American Economic Review, American Economic Association, vol. 89(5), pages 1299-1318, December.
  23. Claussen, Jörg & Kretschmer, Tobias & Khashabi, Pooyan & Seifried, Mareike, 2020. "Two to tango? Psychological contract breach in online labor markets," ZEW Discussion Papers 20-078, ZEW - Leibniz Centre for European Economic Research.
  24. Stephan Bartke & Reimund Schwarze, 2021. "The Economic Role and Emergence of Professional Valuers in Real Estate Markets," Land, MDPI, vol. 10(7), pages 1-20, June.
  25. Thomas J. Miceli, 2021. "Reconciling blackmail and nondisclosure agreements: An economic approach," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(2), pages 268-274, March.
  26. James M. Poterba, 1996. "Government Intervention in the Markets for Education and Health Care: How and Why?," NBER Chapters, in: Individual and Social Responsibility: Child Care, Education, Medical Care, and Long-Term Care in America, pages 277-308, National Bureau of Economic Research, Inc.
  27. Pablo Kurlat, 2018. "Liquidity as Social Expertise," Journal of Finance, American Finance Association, vol. 73(2), pages 619-656, April.
  28. Anindya Ghose, 2005. "Used Good Trade Patterns: A Cross-Country Comparison of Electronic Secondary Markets," Working Papers 05-19, NET Institute, revised Oct 2005.
  29. Daniel McFadden & Carlos Noton & Pau Olivella, "undated". "Remedies for Sick Insurance," Working Papers 620, Barcelona School of Economics.
  30. Thomas Apolte, 2002. "Jurisdictional competition for quality standards: Competition of laxity?," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 30(4), pages 389-402, December.
  31. Dorothée Brécard, 2017. "Consumer misperception of eco-labels, green market structure and welfare," Journal of Regulatory Economics, Springer, vol. 51(3), pages 340-364, June.
  32. Abhinay Muthoo & Suresh Mutuswami, 2011. "Imperfect Competition and Efficiency in Lemons Markets," Economic Journal, Royal Economic Society, vol. 121(552), pages 580-594, May.
  33. Dennis W. Carlton & Jeffrey M. Perloff, 1989. "The Economics of Information," Food Marketing Policy Center Research Reports 005, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
  34. Joao Correia-da-Silva, 2009. "Uncertain delivery in markets for lemons," Levine's Working Paper Archive 814577000000000121, David K. Levine.
  35. Gadi Barlevy & Pietro Veronesi, 1999. "On the Possibility of Stock Market Crashes in the Absence of Portfolio Insurance," Discussion Papers 1252, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  36. Alberto Martin, 2004. "Endogenous credit cycles," Economics Working Papers 916, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2008.
  37. Ingrid Bauer & Liudmila Zavolokina & Gerhard Schwabe, 2020. "Is there a market for trusted car data?," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(2), pages 211-225, June.
  38. Max Boisot & Ron Sanchez, 2010. "Organization as a Nexus of Rules: Emergence in the Evolution of Systems of Exchange," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 21(4), pages 378-405.
  39. Clara Ponsati & Jozsef Sakovics, 2005. "Markets for professional services: queues and mediocrity," Edinburgh School of Economics Discussion Paper Series 133, Edinburgh School of Economics, University of Edinburgh.
  40. Fukui, Masao, 2018. "Asset Quality Cycles," Journal of Monetary Economics, Elsevier, vol. 95(C), pages 97-108.
  41. Andreas Engelmann & Gerhard Schwabe, 2024. "Certified data chats for future used car markets," Electronic Markets, Springer;IIM University of St. Gallen, vol. 34(1), pages 1-22, December.
  42. F. Adriani & LG Deidda, 2004. "Few bad apples or plenty of lemons: which makes it harder to market plums?," Working Paper CRENoS 200413, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  43. Pablo Kurlat & Johannes Stroebel, 2015. "Testing for Information Asymmetries in Real Estate Markets," The Review of Financial Studies, Society for Financial Studies, vol. 28(8), pages 2429-2461.
  44. Vincent Maurin, 2016. "Liquidity Fluctuations in Over the Counter Markets," 2016 Meeting Papers 218, Society for Economic Dynamics.
  45. Milde, Hellmuth, 1981. "Bankpolitik bei Informationsasymmetrie," Discussion Papers, Series I 163, University of Konstanz, Department of Economics.
  46. Liang, Yijiong & Pokharel, Shaligram & Lim, Geok Hian, 2009. "Pricing used products for remanufacturing," European Journal of Operational Research, Elsevier, vol. 193(2), pages 390-395, March.
  47. Bulent Guler & Yasin Kursat Onder & Temel Taskin, 2022. "Asymmetric Information and Sovereign Debt Disclosure," CAEPR Working Papers 2022-004 Classification-E, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
  48. Rodolfo Apreda, 2001. "The Brokerage of Asymmetric Information," CEMA Working Papers: Serie Documentos de Trabajo. 190, Universidad del CEMA.
  49. Justin P. Johnson & Michael Waldman, 2010. "Leasing, Lemons, and Moral Hazard," Journal of Law and Economics, University of Chicago Press, vol. 53(2), pages 307-328, May.
  50. Max Blouin, 2001. "Equilibrium in a Decentralized Market with Adverse Selection," Cahiers de recherche CREFE / CREFE Working Papers 128, CREFE, Université du Québec à Montréal, revised Mar 2001.
  51. Mamada, Robert, 2022. "The market for lemons and information theory," Mathematical Social Sciences, Elsevier, vol. 120(C), pages 107-112.
  52. Pablo Kurlat, 2019. "The Social Value of Financial Expertise," American Economic Review, American Economic Association, vol. 109(2), pages 556-590, February.
  53. Fabian Herweg & Daniel Müller, 2016. "Overconfidence in the Markets for Lemons," Scandinavian Journal of Economics, Wiley Blackwell, vol. 118(2), pages 354-371, April.
  54. Arif Sultan, 2010. "A model of the used car market with lemons and leasing," Applied Economics, Taylor & Francis Journals, vol. 42(28), pages 3619-3627.
  55. Georg Meran & Reimund Schwarze, 2010. "Can minimum prices assure the quality of professional services?," European Journal of Law and Economics, Springer, vol. 30(2), pages 171-199, October.
  56. Stéphan Marette, 2010. "Consumer confusion and multiple equilibria," Economics Bulletin, AccessEcon, vol. 30(2), pages 1120-1128.
  57. Bradley S. Wimmer & Brian Chezum, 2006. "Adverse Selection, Seller Effort, and Selection Bias," Southern Economic Journal, John Wiley & Sons, vol. 73(1), pages 201-218, July.
  58. Stefano Bosi & Claire Rogel Gaillard, 2018. "Biologie prédictive pour la santé. Regards croisés sur les enjeux socio-économiques et scientifiques chez l'Homme, les animaux et les plantes," Post-Print hal-02786221, HAL.
  59. Jacoby, Hanan G. & Mansuri, Ghazala, 2006. "Incomplete contracts and investment : a study of land tenancy in Pakistan," Policy Research Working Paper Series 3826, The World Bank.
  60. Cutler, David M. & Zeckhauser, Richard J., 2000. "The anatomy of health insurance," Handbook of Health Economics, in: A. J. Culyer & J. P. Newhouse (ed.), Handbook of Health Economics, edition 1, volume 1, chapter 11, pages 563-643, Elsevier.
  61. Judd, Kenneth L., 1997. "Computational economics and economic theory: Substitutes or complements?," Journal of Economic Dynamics and Control, Elsevier, vol. 21(6), pages 907-942, June.
  62. Florian Scheuer & Kent Smetters, 2018. "How Initial Conditions Can Have Permanent Effects: The Case of the Affordable Care Act," American Economic Journal: Economic Policy, American Economic Association, vol. 10(4), pages 302-343, November.
  63. Benedikt Notheisen & Jacob Benjamin Cholewa & Arun Prasad Shanmugam, 2017. "Trading Real-World Assets on Blockchain," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 59(6), pages 425-440, December.
  64. Jonathan R. Peterson & Henry S. Schneider, 2017. "Beautiful Lemons: Adverse Selection in Durable-Goods Markets with Sorting," Management Science, INFORMS, vol. 63(9), pages 3111-3127, September.
  65. Maarten C.W. Janssen & Vladimir Karamychev, 2000. "Continuous Time Trading in Markets with Adverse Selection," Tinbergen Institute Discussion Papers 00-109/1, Tinbergen Institute.
  66. Davidson, Carl & Sly, Nicholas, 2014. "A simple model of globalization, schooling and skill acquisition," European Economic Review, Elsevier, vol. 71(C), pages 209-227.
  67. Christian Pietro & Marco Maria Sorge, 2018. "Outside (option) in the orchard: lemons or peaches?," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 45(4), pages 555-564, December.
  68. K. W. Chau & Lennon H. T. Choy, 2011. "Let the Buyer or Seller Beware: Measuring Lemons in the Housing Market under Different Doctrines of Law Governing Transactions and Information," Journal of Law and Economics, University of Chicago Press, vol. 54(S4), pages 347-365.
  69. Salmi, Mabrouka, 2022. "An Attempt at a literature review of “The Market for Lemons” Theory and a Case Study in Algerian Local E-commerce," MPRA Paper 112390, University Library of Munich, Germany.
  70. Brian Chezum & Bradley S. Wimmer, 2000. "Evidence of Adverse Selection from Thoroughbred Wagering," Southern Economic Journal, John Wiley & Sons, vol. 66(3), pages 700-714, January.
  71. Helton Saulo & Jeremias Leao, 2011. "Equilibrium, Adverse Selection, and Statistical Distributions," Economics Bulletin, AccessEcon, vol. 31(3), pages 2066-2074.
  72. Dariel, Aurelie & Riedl, Arno & Siegenthaler, Simon, 2021. "Referral hiring and wage formation in a market with adverse selection," Games and Economic Behavior, Elsevier, vol. 130(C), pages 109-130.
  73. Jonathan R. Peterson & Henry S. Schneider, 2014. "Adverse selection in the used-car market: evidence from purchase and repair patterns in the Consumer Expenditure Survey," RAND Journal of Economics, RAND Corporation, vol. 45(1), pages 140-154, March.
  74. Ponsatí­, Clara & Sákovics, József, 2008. "Queues, not just mediocrity: Inefficiency in decentralized markets with vertical differentiation," International Journal of Industrial Organization, Elsevier, vol. 26(4), pages 998-1014, July.
  75. Minghua Chen & Konstantinos Serfes & Eleftherios Zacharias, 2023. "Prices as signals of product quality in a duopoly," International Journal of Game Theory, Springer;Game Theory Society, vol. 52(1), pages 1-31, March.
  76. Barsanetti, Bruno & Camargo, Braz, 2022. "Signaling in dynamic markets with adverse selection," Journal of Economic Theory, Elsevier, vol. 206(C).
  77. Bart Wilson & Arthur Zillante, 2010. "More Information, More Ripoffs: Experiments with Public and Private Information in Markets with Asymmetric Information," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 36(1), pages 1-16, February.
  78. Michael Waldman, 2003. "Durable Goods Theory for Real World Markets," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 131-154, Winter.
  79. Caplin, Andrew & Nalebuff, Barry, 1997. "Competition among Institutions," Journal of Economic Theory, Elsevier, vol. 72(2), pages 306-342, February.
  80. S. Sethi & Donald Schepers, 2014. "United Nations Global Compact: The Promise–Performance Gap," Journal of Business Ethics, Springer, vol. 122(2), pages 193-208, June.
  81. Gertz, Christopher, 2016. "A Model of Quality Uncertainty with a Continuum of Quality Levels," Center for Mathematical Economics Working Papers 522, Center for Mathematical Economics, Bielefeld University.
  82. Sampson, Anthony A., 2002. "Weekenders and workaholics," European Journal of Political Economy, Elsevier, vol. 18(1), pages 193-208, March.
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