Quality Undersupply and Oversupply
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Wilson, Charles, 1977. "A model of insurance markets with incomplete information," Journal of Economic Theory, Elsevier, vol. 16(2), pages 167-207, December.
- 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.
- Douglas Gale, 1992. "A Walrasian Theory of Markets with Adverse Selection," Review of Economic Studies, Oxford University Press, vol. 59(2), pages 229-255.
- George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, Oxford University Press, vol. 84(3), pages 488-500.
- Wilson, Charles A, 1979. "Equilibrium and Adverse Selection," American Economic Review, American Economic Association, vol. 69(2), pages 313-317, May.
- Frank Hahn, 1978. "On Non-Walrasian Equilibria," Review of Economic Studies, Oxford University Press, vol. 45(1), pages 1-17.
- Douglas Gale, 1996.
"Equilibria and Pareto optima of markets with adverse selection (*),"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 207-235.
- Gale, Douglas, 1996. "Equilibria and Pareto Optima of Markets with Adverse Selection," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 207-235, February.
- Douglas Gale, 1994. "Equilibria and Pareto Optima of Markets with Adverse Selection," Papers 0046, Boston University - Industry Studies Programme.
- Prescott, Edward C & Townsend, Robert M, 1984.
"General Competitive Analysis in an Economy with Private Information,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 1-20, February.
- Edward C Prescott & Robert M Townsend, 1997. "General Competitive Analysis in an Economy with Private Information," Levine's Working Paper Archive 1578, David K. Levine.
- Holmstrom, Bengt & Myerson, Roger B, 1983.
"Efficient and Durable Decision Rules with Incomplete Information,"
Econometrica, Econometric Society, vol. 51(6), pages 1799-1819, November.
- Bengt Holmstrom & Roger B. Myerson, 1981. "Efficient and Durable Decision Rules with Incomplete Information," Discussion Papers 495, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Prescott, Edward C & Townsend, Robert M, 1984.
"Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard,"
Econometrica, Econometric Society, vol. 52(1), pages 21-45, January.
- Edward C Prescott & Robert M Townsend, 2010. "Pareto Optima and Competitive Equilibria With Adverse Selection and Moral Hazard," Levine's Working Paper Archive 2069, David K. Levine.
- Riley, John G, 1979.
"Informational Equilibrium,"
Econometrica, Econometric Society, vol. 47(2), pages 331-359, March.
- John G. Riley, 1976. "Informational Equilibrium," UCLA Economics Working Papers 071, UCLA Department of Economics.
- Alessandro Lizzeri & Igal Hendel, 1999.
"Adverse Selection in Durable Goods Markets,"
American Economic Review, American Economic Association, vol. 89(5), pages 1097-1115, December.
- Igal Hendel & Alessandro Lizzeri, 1997. "Adverse Selection in Durable Goods Markets," NBER Working Papers 6194, National Bureau of Economic Research, Inc.
- Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, Oxford University Press, vol. 87(3), pages 355-374.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Blouin, Max R., 2003. "Quality undersupply and oversupply," Journal of Economic Theory, Elsevier, vol. 109(1), pages 130-139, March.
- Dosis, Anastasios, 2018. "On signalling and screening in markets with asymmetric information," Journal of Mathematical Economics, Elsevier, vol. 75(C), pages 140-149.
- Inderst, Roman, 2005. "Matching markets with adverse selection," Journal of Economic Theory, Elsevier, vol. 121(2), pages 145-166, April.
- Diasakos, Theodoros M. & Koufopoulos, Kostas, 2018. "(Neutrally) Optimal Mechanism under Adverse Selection: The canonical insurance problem," Games and Economic Behavior, Elsevier, vol. 111(C), pages 159-186.
- Davoodalhosseini, Seyed Mohammadreza, 2019.
"Constrained efficiency with adverse selection and directed search,"
Journal of Economic Theory, Elsevier, vol. 183(C), pages 568-593.
- Mohammad Davoodalhosseini, 2017. "Constrained Efficiency with Adverse Selection and Directed Search," Staff Working Papers 17-15, Bank of Canada.
- Joao Correia-da-Silva, 2009.
"Uncertain delivery in markets for lemons,"
Levine's Working Paper Archive
814577000000000121, David K. Levine.
- Joao Correia-da-Silva, 2009. "Uncertain delivery in markets for lemons," FEP Working Papers 310, Universidade do Porto, Faculdade de Economia do Porto.
- Alberto Bisin & Piero Gottardi, 2000. "Decentralizing Incentive Efficient Allocations of Economies with Adverse Selection," Econometric Society World Congress 2000 Contributed Papers 0855, Econometric Society.
- Martin Meier & Enrico Minelli & Herakles Polemarchakis, 2014.
"Competitive markets with private information on both sides,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(2), pages 257-280, February.
- Martin Meier & Enrico Minelli & Herakles Polemarchakis, 2009. "Competitive Markets with Private Information on Both Sides," Working Papers 0917, University of Brescia, Department of Economics.
- Dosis, Anastasios, 2019.
"Optimal ex post risk adjustment in markets with adverse selection,"
Journal of Mathematical Economics, Elsevier, vol. 85(C), pages 52-59.
- Anastasios Dosis, 2019. "Optimal Ex Post Risk Adjustment in Markets with Adverse Selection ," Working Papers hal-02130442, HAL.
- Correia-da-Silva, João, 2012. "General equilibrium in markets for lemons," Journal of Mathematical Economics, Elsevier, vol. 48(3), pages 187-195.
- Belen Jerez, 2000.
"General Equilibrium with Asymmetric Information: A Dual Approach,"
Econometric Society World Congress 2000 Contributed Papers
1497, Econometric Society.
- Bel? Jerez, 2000. "General Equilibrium with Asymmetric Information: a Dual Approach," UFAE and IAE Working Papers 510.02, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- João Correia-da-Silva, 2015.
"Two-period economies with price-contingent deliveries,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 59(3), pages 509-525, August.
- João Correia da Silva, 2014. "Two-period economies with price-contingent deliveries," FEP Working Papers 529, Universidade do Porto, Faculdade de Economia do Porto.
- Dionne, G. & Doherty, N., 1991.
"Adverse Selection In Insurance Markets: A Selective Survey,"
Cahiers de recherche
9105, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Dionne, G. & Doherty, N., 1991. "Adverse Selection in Insurance Markets: a Selective Survey," Cahiers de recherche 9105, Universite de Montreal, Departement de sciences economiques.
- Maarten Janssen & Santanu Roy, 2004.
"On durable goods markets with entry and adverse selection,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(3), pages 552-589, August.
- Maarten Janssen & Santanu Roy, 2004. "On durable goods markets with entry and adverse selection," Canadian Journal of Economics, Canadian Economics Association, vol. 37(3), pages 552-589, August.
- Raj Chetty & Emmanuel Saez, 2010.
"Optimal Taxation and Social Insurance with Endogenous Private Insurance,"
NBER Chapters, in: Income Taxation, Trans-Atlantic Public Economics Seminar (TAPES), pages 85-114,
National Bureau of Economic Research, Inc.
- Raj Chetty & Emmanuel Saez, 2010. "Optimal Taxation and Social Insurance with Endogenous Private Insurance," American Economic Journal: Economic Policy, American Economic Association, vol. 2(2), pages 85-114, May.
- Raj Chetty & Emmanuel Saez, 2008. "Optimal Taxation and Social Insurance with Endogenous Private Insurance," NBER Working Papers 14403, National Bureau of Economic Research, Inc.
- Saez, Emmanuel & Chetty, Nadarajan, 2010. "Optimal Taxation and Social Insurance with Endogenous Private Insurance," Scholarly Articles 9696326, Harvard University Department of Economics.
- Izquierdo, Segismundo S. & Izquierdo, Luis R., 2007. "The impact of quality uncertainty without asymmetric information on market efficiency," Journal of Business Research, Elsevier, vol. 60(8), pages 858-867, August.
- Noldeka, G. & Samuelson, L., 1994.
"Learning to Signal in Market,"
Working papers
9409, Wisconsin Madison - Social Systems.
- Georg Noldeke & Larry Samuelson, 1994. "Learning to Signal in Markets," Game Theory and Information 9410001, University Library of Munich, Germany, revised 21 Oct 1994.
- De Feo, Giuseppe & Hindriks, Jean, 2014.
"Harmful competition in insurance markets,"
Journal of Economic Behavior & Organization, Elsevier, vol. 106(C), pages 213-226.
- Giuseppe De Feo & Jean Hindriks, 2009. "Harmful competition in the insurance markets," Working Papers 0921, University of Strathclyde Business School, Department of Economics.
- De Feo, Giuseppe & Hindriks, Jean, 2009. "Harmful competition in the insurance markets," SIRE Discussion Papers 2009-46, Scottish Institute for Research in Economics (SIRE).
- Giuseppe De Feo & Jean Hindriks, 2010. "Harmful Competition in the Insurance Markets," Working Papers 3_215, Dipartimento di Scienze Economiche e Statistiche, Università degli Studi di Salerno.
- Forges, Francoise & Minelli, Enrico & Vohra, Rajiv, 2002.
"Incentives and the core of an exchange economy: a survey,"
Journal of Mathematical Economics, Elsevier, vol. 38(1-2), pages 1-41, September.
- Francoise Forges & Enrico Minelli & Rajiv Vohra, 2000. "Incentives and the Core of an Exchange Economy: A Survey," Working Papers 2000-22, Brown University, Department of Economics.
- FORGES, Françoise & MINELLI, Enrico & VOHRA, Rajiv, 2001. "Incentives and the core of an exchange economy: a survey," LIDAM Discussion Papers CORE 2001043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Mailath, George J. & Nöldeke, Georg, 2008.
"Does competitive pricing cause market breakdown under extreme adverse selection?,"
Journal of Economic Theory, Elsevier, vol. 140(1), pages 97-125, May.
- George J. Mailath & Georg Noldeke, 2007. "Does Competitive Pricing Cause Market Breakdown under Extreme Adverse Selection?," PIER Working Paper Archive 07-022, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
More about this item
Keywords
adverse selection; income effect; substitution effect;JEL classification:
- D00 - Microeconomics - - General - - - General
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cre:crefwp:113. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stéphane Pallage). General contact details of provider: http://edirc.repec.org/data/crefeca.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.