Government interventions in a dynamic market with adverse selection

DOI10.1016/J.JET.2015.04.009zbMath1330.91141OpenAlexW2147808856MaRDI QIDQ896956

Andrzej Skrzypacz, William Fuchs

Publication date: 15 December 2015

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2015.04.009

zbMATH Keywords

dynamicsadverse selectionliquidityoptimal policymarket freeze

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (17)

A penalty function method for the principal-agent problem with an infinite number of incentive-compatibility constraints under moral hazard ⋮ Insider trading with penalties ⋮ Bubbly bailout ⋮ Lemons and peaches: multi-stage buying mechanisms with a Devil's Menu ⋮ A dynamic theory of bank lending, firm entry, and investment fluctuations ⋮ Market-making with search and information frictions ⋮ On the benefits of dynamic bidding when participation is costly ⋮ Trading dynamics in decentralized markets with adverse selection ⋮ Signaling in dynamic markets with adverse selection ⋮ Frictional asset reallocation under adverse selection ⋮ Aggregation and design of information in asset markets with adverse selection ⋮ Voluntary disclosure in bilateral transactions ⋮ Quality, price, and time-on-market ⋮ Fiscal rules and discretion under limited enforcement ⋮ Make it 'til you fake it ⋮ Constrained efficiency with adverse selection and directed search ⋮ The scope of sequential screening with ex post participation constraints

Cites Work

• Trading dynamics in decentralized markets with adverse selection
• Deregulation with consensus
• Dynamic signaling and market breakdown
• Information about sellers' past behavior in the market for lemons
• Waiting for News in the Market for Lemons
• Outside and Inside Liquidity
• Bargaining under Asymmetric Information
• Signalling in a Dynamic Labour Market
• Public vs. Private Offers in the Market for Lemons
• Durable Goods Monopoly with Entry of New Consumers
• Transparency and price formation
• Dynamic markets for lemons: Performance, liquidity, and policy intervention
• Transparency and distressed sales under asymmetric information
• Trading Dynamics with Adverse Selection and Search: Market Freeze, Intervention and Recovery
• Education Signalling with Preemptive Offers

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