Trading Dynamics with Adverse Selection and Search: Market Freeze, Intervention and Recovery

DOI10.1093/restud/rdw014zbMath1405.91379OpenAlexW2145233025MaRDI QIDQ4610803

Jonathan Chiu, Thorsten V. Koeppl

Publication date: 23 January 2019

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1093/restud/rdw014

zbMATH Keywords

searchadverse selectionannouncement effectgovernment asset purchasestrading dynamics

Mathematics Subject Classification ID

Trade models (91B60)

Related Items (13)

Over-the-counter trade and the value of assets as collateral ⋮ Information about sellers' past behavior in the market for lemons ⋮ Market-making with search and information frictions ⋮ Signaling in dynamic markets with adverse selection ⋮ Government interventions in a dynamic market with adverse selection ⋮ Liquidity misallocation in an over-the-counter market ⋮ Liquidity and private information in asset markets: to signal or not to signal ⋮ Frictional asset reallocation under adverse selection ⋮ Imperfect information transmission and adverse selection in asset markets ⋮ Dynamic trading with developing adverse selection ⋮ Undefeated equilibria of the Shi-Trejos-Wright model under adverse selection ⋮ A model of secular migration from centralized to decentralized trade ⋮ Constrained efficiency with adverse selection and directed search

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