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The Market for "Lemons" Reconsidered: A Model of the Used Car Market with Asymmetric Information

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  • Kim, Jae-Cheol

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  • Kim, Jae-Cheol, 1985. "The Market for "Lemons" Reconsidered: A Model of the Used Car Market with Asymmetric Information," American Economic Review, American Economic Association, vol. 75(4), pages 836-843, September.
  • Handle: RePEc:aea:aecrev:v:75:y:1985:i:4:p:836-43
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    References listed on IDEAS

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    1. Duane E. Leigh, 1976. "Occupational Advancement in the Late 1960s: An Indirect Test of the Dual Labor Market Hypothesis," Journal of Human Resources, University of Wisconsin Press, vol. 11(2), pages 155-171.
    2. Ernst R. Berndt & Bronwyn H. Hall & Robert E. Hall & Jerry A. Hausman, 1974. "Estimation and Inference in Nonlinear Structural Models," NBER Chapters,in: Annals of Economic and Social Measurement, Volume 3, number 4, pages 653-665 National Bureau of Economic Research, Inc.
    3. Paul Osterman, 1975. "An Empirical Study of Labor Market Segmentation," ILR Review, Cornell University, ILR School, vol. 28(4), pages 508-523, July.
    4. Piore, Michael J, 1983. "Labor Market Segmentation: To What Paradigm Does It Belong?," American Economic Review, American Economic Association, pages 249-253.
    5. Stigler, George J & Becker, Gary S, 1977. "De Gustibus Non Est Disputandum," American Economic Review, American Economic Association, pages 76-90.
    6. Oster, Gerry, 1979. "A Factor Analytic Test of the Theory of the Dual Economy," The Review of Economics and Statistics, MIT Press, vol. 61(1), pages 33-39, February.
    7. Weiss, Andrew W, 1980. "Job Queues and Layoffs in Labor Markets with Flexible Wages," Journal of Political Economy, University of Chicago Press, vol. 88(3), pages 526-538, June.
    8. Kahn, Shulamit, 1987. "Occupational Safety and Workers Preferences: Is There a Marginal Worker?," The Review of Economics and Statistics, MIT Press, vol. 69(2), pages 262-268, May.
    9. William T. Dickens, 1983. "The Effect of Company Campaigns on Certification Elections: Law and Reality Once Again," ILR Review, Cornell University, ILR School, vol. 36(4), pages 560-575, July.
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    Cited by:

    1. Georges Dionne, 2012. "The Empirical Measure of Information Problems with Emphasis on Insurance Fraud and Dynamic Data," Cahiers de recherche 1233, CIRPEE.
    2. Anderson, Simon P. & Ginsburgh, Victor A., 1994. "Price discrimination via second-hand markets," European Economic Review, Elsevier, vol. 38(1), pages 23-44, January.
    3. Saito, Richard, 2003. "Quality Differentiation of Durable Goods in Secondary Markets," Revista Brasileira de Economia - RBE, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 57(2), April.
    4. Alessandro Lizzeri & Igal Hendel, 1999. "Adverse Selection in Durable Goods Markets," American Economic Review, American Economic Association, vol. 89(5), pages 1097-1115, December.
    5. Max Blouin, 2000. "Quality Undersupply and Oversupply," Cahiers de recherche CREFE / CREFE Working Papers 113, CREFE, Université du Québec à Montréal.
    6. Max Blouin, 2000. "Overlapping Generations of Cars," Cahiers de recherche CREFE / CREFE Working Papers 117, CREFE, Université du Québec à Montréal.
    7. 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.

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