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Microeconomics Seminar
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Nenad Kos (University Bocconi) "Inference from Outcomes in the Market for Lemons" Abstract: This paper studies inference from equilibrium outcomes in a market for lemons. The model is a posted-price adverse-selection environment: a monopsonist offers a price to a continuum of sellers, each of whom privately observes the quality of her good, which affects […] |
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