Information about sellers' past behavior in the market for lemons

DOI10.1016/J.JET.2017.02.012MaRDI QIDQ2397640zbMATH OpenOpenAlexFDO

Authors Kyung Min Kim

Publication date 23 May 2017

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

Full work available at URL https://doi.org/10.1016/j.jet.2017.02.012

zbMATH Keywords

adverse selectionsequential searchtime-on-the-market

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Microeconomic theory (price theory and economic markets) (91B24) Economics of information (91B44)

Recommendations

• Trading dynamics with private buyer signals in the market for lemons
• Competitive search markets for durable goods
• Time-on-the-Market as a Sign of Quality
• Waiting for news in the market for lemons
• Imperfect information transmission and adverse selection in asset markets

Cites work

• Bargaining with Interdependent Values
• Bargaining with common values
• Dynamic Auctions
• Dynamic markets for lemons: performance, liquidity, and policy intervention
• Education Signalling with Preemptive Offers
• On the Strategic Stability of Equilibria
• Public offers in the market for lemons with large discounting
• Public vs. Private Offers in the Market for Lemons
• Search with adverse selection
• Sequential Bargaining with Correlated Values
• Signalling in a Dynamic Labour Market
• The coalitional Nash bargaining solution
• Time-on-the-Market as a Sign of Quality
• Trading dynamics in decentralized markets with adverse selection
• Trading dynamics with adverse selection and search: market freeze, intervention and recovery
• Transparency and distressed sales under asymmetric information
• Transparency and price formation
• Waiting for news in the market for lemons

Cited in

(14)

• Dynamic trading with developing adverse selection
• Market screening with limited records
• DIRECTED SEARCH WITH PHANTOM VACANCIES
• Noisy signaling in discrete time
• Market-making with search and information frictions
• Selling a lemon under demand uncertainty
• Public vs. Private Offers in the Market for Lemons
• Signaling in dynamic markets with adverse selection
• Dynamic market for lemons with endogenous quality choice by the seller
• Government interventions in a dynamic market with adverse selection
• Transparency of outside options in bargaining
• Lemons and peaches: multi-stage buying mechanisms with a Devil's Menu
• Seller experimentation and trade
• Trading dynamics with private buyer signals in the market for lemons

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