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Book Chapter

Adverse Selection

  • Wilson C
Palgrave Macmillan UK, (1989), 31-34
DOI: 10.1007/978-1-349-20215-7_2
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Abstract

Consider a market in which products of varying quality are exchanged. Both buyers and sellers rank products of different quality in the same way, but only the sellers can observe the quality of each unit of the good they sell. Buyers can observe at most the...

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APA

Wilson, C. (1989). Adverse Selection. In Allocation, Information and Markets (pp. 31–34). Palgrave Macmillan UK. https://doi.org/10.1007/978-1-349-20215-7_2

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