A scent of lemon -- seller meets buyer with a noisy quality observation

DOI10.3390/G2010163zbMATH Open1311.91104OpenAlexW2155703365MaRDI QIDQ2344971FDOQ2344971

Authors: Mark Voorneveld, Jörgen W. Weibull 

Publication date: 19 May 2015

Published in: Games (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3390/g2010163

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zbMATH Keywords

adverse selectiontwo-sided incomplete informationlemonsnoisy quality signals

Mathematics Subject Classification ID

Signaling and communication in game theory (91A28) Microeconomic theory (price theory and economic markets) (91B24) Economics of information (91B44)

Cites Work

• Sequential Equilibria
• The Principal-Agent Relationship with an Informed Principal, II: Common Values
• Title not available (Why is that?)
• Better may be worse: Some monotonicity results and paradoxes in discrete choice under uncertainty

Cited In (14)

• Job market signaling and employer learning
• The market strategies based on the dominant price
• The market for lemons and information theory
• Signalling, information and consumer fraud
• A game theoretical analysis of lemonizing cybercriminal black markets
• Overconfidence in the markets for lemons
• Does risk aversion explain behavior in a lemon market?
• Waiting for news in the market for lemons
• On price versus quality
• Price signaling and the strategic benefits of price rigidities
• Lemons and peaches: multi-stage buying mechanisms with a Devil's Menu
• Selling a lemon under demand uncertainty
• Dynamic market for lemons with endogenous quality choice by the seller
• A game theoretic foundation of competitive equilibria with adverse selection

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