An sS Model with Adverse Selection
收藏NBER2000-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8030
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资源简介：
We present a model of the market for used cars in which agents face a fixed cost of adjustment, the magnitude of which depend on the degree of adverse selection in the secondary market. We find that, unlike typical models, the sS bands in our model contract as the variance of the shock process
提供机构：
美国国家经济研究局
创建时间：
2000-12-01
