Adverse Selection in Durable Goods Markets
收藏NBER1997-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6194
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资源简介：
An undesirable feature of Akerlof style models of adverse selection is that ownership of" used cars is independent of preferences and is therefore ad hoc. We present a dynamic model" that incorporates the market for new goods. Consumers self-select into buying new or used" goods making ownership of
提供机构：
美国国家经济研究局
创建时间：
1997-09-01
