Add to ORKGWe study a dynamic market with asymmetric information that creates the lemons problem. We compare e ¢ ciency of the market under di¤erent assumptions about the timing of trade. We identify positive and negative aspects of dynamic trading, describe the optimal market design under regularity conditions and show that continuous-time trading can be always improved upon.
This article studies the impact of competition on the degree of inefficiency in lemons markets. More...
In markets with adverse selection, only low-quality units trade in the competitive equilibrium when ...
AbstractIn this work we study an agent based model to investigate the role of asymmetric information...
We study a dynamic market with asymmetric information that creates the lemons problem. We compare ef...
We study nonstationary dynamic decentralized markets with adverse selection in which trade is bilate...
© 2016 The Econometric Society. We study nonstationary dynamic decentralized markets with adverse se...
We analyze a dynamic market for lemons in which the quality of the good is endogenously determined b...
We analyze a version of Akerlofs market for lemons in which a sequence of buyers make o¤ers to a lon...
Even though adverse selection pervades markets for real goods and financial assets, equilibrium in s...
In a durable good market where sellers have private information about quality, I identify certain pr...
Este trabalho investiga o papel da sinalização em um mercado dinâmico de limões. Nós derivamos ...
In this paper we examine the problem of dynamic adverse selection in a stylized market where the qua...
We investigate the nature of the adverse selection problem in a market for adurable goodwhere tradin...
© 2017 Dr. Ellen Victoria MuirIn this thesis we primarily focus on developing tractable dynamic mark...
This paper studies the impact of competition on the degree of ineffi- ciency in lemons markets. More...
This article studies the impact of competition on the degree of inefficiency in lemons markets. More...
In markets with adverse selection, only low-quality units trade in the competitive equilibrium when ...
AbstractIn this work we study an agent based model to investigate the role of asymmetric information...
We study a dynamic market with asymmetric information that creates the lemons problem. We compare ef...
We study nonstationary dynamic decentralized markets with adverse selection in which trade is bilate...
© 2016 The Econometric Society. We study nonstationary dynamic decentralized markets with adverse se...
We analyze a dynamic market for lemons in which the quality of the good is endogenously determined b...
We analyze a version of Akerlofs market for lemons in which a sequence of buyers make o¤ers to a lon...
Even though adverse selection pervades markets for real goods and financial assets, equilibrium in s...
In a durable good market where sellers have private information about quality, I identify certain pr...
Este trabalho investiga o papel da sinalização em um mercado dinâmico de limões. Nós derivamos ...
In this paper we examine the problem of dynamic adverse selection in a stylized market where the qua...
We investigate the nature of the adverse selection problem in a market for adurable goodwhere tradin...
© 2017 Dr. Ellen Victoria MuirIn this thesis we primarily focus on developing tractable dynamic mark...
This paper studies the impact of competition on the degree of ineffi- ciency in lemons markets. More...
This article studies the impact of competition on the degree of inefficiency in lemons markets. More...
In markets with adverse selection, only low-quality units trade in the competitive equilibrium when ...
AbstractIn this work we study an agent based model to investigate the role of asymmetric information...