Hendel, Igal (contributor); Lizzeri, Alessandro (contributor) - 2004
assigned to her, and consumers' equilibrium trading behavior in secondary markets is not subject to adverse selection. We show … Dynamic Adverse-
Selection Model
By
Igal Hendel
Department of Economics, University of Wisconsin
Alessandro … University
This Draft: May 2004.
Efficient Sorting in a Dynamic Adverse-Selection Model∗
Igal Hendel,†Alessandro Lizzeri …