Imperfect information transmission and adverse selection in asset markets

DOI10.1016/J.JET.2018.04.007zbMath1419.91321OpenAlexW3125628978MaRDI QIDQ1757587

Michael C. H. Choi

Publication date: 15 January 2019

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2018.04.007

zbMATH Keywords

learninginformation transmissionadverse selection

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Economics of information (91B44)

Related Items (5)

Market-making with search and information frictions ⋮ Bilateral trade with strategic gradual learning ⋮ Signaling in dynamic markets with adverse selection ⋮ Liquidity and private information in asset markets: to signal or not to signal ⋮ Adverse selection and costly information acquisition in asset markets

Cites Work

• Search-based models of money and finance: an integrated approach
• Trading dynamics in decentralized markets with adverse selection
• Stochastic orders
• Incentives to produce quality and the liquidity of money
• Money and prices: A model of search and bargaining
• Optimal disclosure policy and undue diligence
• ON THE THREAT OF COUNTERFEITING
• Adverse Selection in Competitive Search Equilibrium
• Learning by Holding and Liquidity
• Trading Dynamics with Private Buyer Signals in the Market for Lemons
• Information, Liquidity, Asset Prices, and Monetary Policy
• Trading Dynamics with Adverse Selection and Search: Market Freeze, Intervention and Recovery
• Adverse Selection and Liquidity Distortion
• Search With Adverse Selection
• The Economics of Counterfeiting
• Decentralized Trading With Private Information
• Over-the-Counter Markets

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