| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8030 |
| 来源ID | Working Paper 8030 |
| An sS Model with Adverse Selection | |
| Christopher L. House; John V. Leahy | |
| 发表日期 | 2000-12-01 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | We present a model of the market for used cars in which agents face a fixed cost of adjustment, the magnitude of which depend on the degree of adverse selection in the secondary market. We find that, unlike typical models, the sS bands in our model contract as the variance of the shock process increases. We also analyze a dynamic version of the model in which agents are allowed to make decisions that are conditional of the age of a used car. We find that, as a car ages, the lemons problem tends to decline in importance, and the sS bands contract. |
| 主题 | Microeconomics ; Economics of Information ; Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w8030 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565622 |
| 推荐引用方式 GB/T 7714 | Christopher L. House,John V. Leahy. An sS Model with Adverse Selection. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w8030.pdf（510KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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