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Time Trumps Quantity in the Market for Lemons

Piero Gottardi,Humberto Moreira, William Fuchs   Nov 15,2022

Working Paper No.00085-00

We consider a dynamic adverse selection model where privately informed sellers of divisible assets can choose how much of their... Read More

Providing Incentives with Private Contracts

Qing Liu, Lucy White Andrea Buffa   Nov 18,2022

Working Paper No.00073-01

Agents working together to produce a joint output care about each other’s incentives. Because real world contracts are typically private... Read More

Collateral Booms and Information Depletion

Luc Laeven,Alberto Martin, Vladimir Asriyan   Nov 05,2019

Working Paper No.00054-00

We develop a new theory of information production during credit booms. Entrepreneurs need credit to undertake investment projects, some of... Read More

Published: Review of Economic Studies, 2021, (), -