Information spillover in multi-good adverse selection (Record no. 524253)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01242nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 231107b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Huangfu, Bingchao and Liu, Heng |
| 245 ## - TITLE STATEMENT | |
| Title | Information spillover in multi-good adverse selection |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | American Economic Journal: Microeconomics |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 15(3), Aug, 2023: p.118-165 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This paper analyzes information spillover in a multi-good adverse selection model in which a privately informed seller trades two different goods in two different markets. Buyers learn the seller's information from both the market they participate in and the trading outcomes in the other market. We identify a sufficient negative correlation condition under which information spillover reduces efficiency loss. We also discover a novel type of coordination friction that leads to multiple equilibria, which can be welfare-ranked by the number of initial no-trade periods. When the sufficient negative correlation condition fails, the efficiency loss is the same as in the case without information spillover.- Reproduced https://www.aeaweb.org/articles?id=10.1257/mic.20190287 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | American Economic Journal: Microeconomics |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | TRADES |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2023-11-07 | 15(3), Aug, 2023: p.118-165 | AR130130 | 2023-11-07 | Articles |