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Equilibrium in a Decentralized Market with Adverse Selection
Blouin, Max
-
Centre de Recherche sur l'Emploi et les Fluctuations …
-
2001
the market (via random
pairwise
meetings
of agents), then all units of the good are traded, and all agents have positive …
Persistent link: https://www.econbiz.de/10005827147
Saved in:
2
Equilibrium in a decentralized market with adverse selection
Blouin, Max R.
- In:
Economic Theory
22
(
2003
)
2
,
pp. 245-262
where two qualities of a good exist, I show that if trade is decentralized (i.e. conducted via random
pairwise
meetings
of …
Persistent link: https://www.econbiz.de/10005597877
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