Adverse selection and costly information acquisition in asset markets

DOI10.1016/J.JMATECO.2021.102533zbMath1479.91153OpenAlexW3162931117MaRDI QIDQ2057251

Inkee Jang, Kee-Youn Kang

Publication date: 9 December 2021

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2021.102533

zbMATH Keywords

adverse selectionliquiditycostly information acquisitionconstrained optimuminformation access policy

Mathematics Subject Classification ID

Applications of game theory (91A80) Auctions, bargaining, bidding and selling, and other market models (91B26)

Cites Work

• Liquidity and asset prices in a monetary model with OTC asset markets
• A tractable model of indirect asset liquidity
• Counterfeiting, screening and government policy
• Imperfect information transmission and adverse selection in asset markets
• Undefeated equilibria of the Shi-Trejos-Wright model under adverse selection
• The threat of counterfeiting in competitive search equilibrium
• Optimal disclosure policy and undue diligence
• DEGREASING THE WHEELS OF FINANCE
• Information, Liquidity, Asset Prices, and Monetary Policy

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