Signaling in markets with two-sided adverse selection

被引：10
|
作者：
Gale, D [1 ]
机构：
[1] NYU, Dept Econ, New York, NY 10003 USA
来源：
ECONOMIC THEORY | 2001年 / 18卷 / 02期
关键词：
signaling; adverse selection; markets; rationing; types; equilibrium; refinement; strategic stability; walrasian;
D O I：
10.1007/PL00004191
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper analyzes an economy with two-sided adverse selection, focusing on equilibria that satisfy a refinement based on the notion of strategic stability. In the familiar case of one-sided adverse selection, agents reveal all of their private information as long as the contract space is rich enough. However, with two-sided adverse selection, the sufficient conditions for separation are much stronger.
引用
收藏
页码：391 / 414
页数：24
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