Costs and Benefits of Dynamic Trading in a Lemons Market

William Fuchs and Andrzej Skrzypacz

Research Papers from Stanford University, Graduate School of Business

Abstract: We study a dynamic market with asymmetric information that creates the lemons problem. We compare efficiency of the market under different assumptions about the timing of trade. We identify positive and negative aspects of dynamic trading, describe the optimal market design under regularity conditions and show that continuous-time trading can be always improved upon.

Date: 2013-08
New Economics Papers: this item is included in nep-cta, nep-ind, nep-mic and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
https://gsbapps.stanford.edu/researchpapers/library/RP2133-2.pdf
Our link check indicates that this URL is bad, the error code is: 400 Bad Request (https://gsbapps.stanford.edu/researchpapers/library/RP2133-2.pdf [302 Found]--> https://login.stanford.edu/idp/profile/SAML2/Redirect/SSO?SAMLRequest=fZJdb4IwFIb%2FCum9FFDnbITE6cVM3CTCdrGbpZSDNikt6yn7%2BPcDcZneeN33POe8T7pAXquGLVt31Hv4aAGd910rjez0EJPWamY4SmSa14DMCZYtn7Ys8gPWWOOMMIp4S0SwThq9MhrbGmwG9lMKeNlvY3J0rkFG6QEL3jToo%2BO6Mrb0oWxpdpRFYRS4o49oaM%2BOaLrLcuKtu2Ok5j32H6LMQeprhCwb2p1SSQXn%2BT2U0oJwNMt2xNusY%2FIehbwU1WR2P5sLKGeTcBzx6d1ciKoSvJiGXQyxhY3u0S4mURBNR8FkFIzzcMKmEQujN%2BKl58YPUpdSH27rKYYQssc8T0dDp1eweOrTBUiy6CWz02J7of02lv%2B5JslNswt6QR9WNey5w23WqVFS%2FHhLpczXygJ3EJOQ0GQYuf4OyS8%3D&RelayState=ss%3Amem%3A69952f0e877b9651f4a2e43d2143345feff7ee83646522fa18df9eceb2df52b2)

Related works:
Journal Article: Costs and benefits of dynamic trading in a lemons market (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecl:stabus:2133

Access Statistics for this paper

More papers in Research Papers from Stanford University, Graduate School of Business Contact information at EDIRC.
Bibliographic data for series maintained by (workingpapers@econlit.org).