The IO of Selection Markets

Liran Einav, Amy Finkelstein and Neale Mahoney

No 29039, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This is an invited chapter for the forthcoming Volume 4 of the Handbook of Industrial Organization. We focus on "selection markets," which cover markets in which consumers vary not only in how much they are willing to pay for a product but also in how costly they are to the seller. The chapter tries to organize the recent wave of IO-related papers on selection markets, which has largely focused on insurance and credit markets. We provide a common framework, terminology, and notation that can be used to understand many of these papers, and that we hope can be usefully applied going forward.

JEL-codes: G22 L00 L13 (search for similar items in EconPapers)
Date: 2021-07
New Economics Papers: this item is included in nep-com, nep-ind, nep-isf, nep-mic and nep-reg
Note: AG AP CF DEV EH IO LE LS PE PR
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Published as Liran Einav, Amy Finkelstein, Neale Mahoney, Chapter 14 - The IO of selection markets☆☆We thank the editors for including this chapter in the volume. We are grateful to Ignacio Cuesta, Katja Hofmann, and Chuan Yu for very helpful comments on earlier drafts., Editor(s): Kate Ho, Ali Hortaçsu, Alessandro Lizzeri, Handbook of Industrial Organization, Elsevier, Volume 5, Issue 1, 2021, Pages 389-426

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