Chymis, Athanasios G.; James, Harvey S.; Konduru, Srinivasa - In: Agricultural Economics 36 (2007) 1, pp. 79-88
We analyze the problem of asymmetric information between buyers and sellers in cattle auctions, using the problem of revaccinations as the point of departure. We present a simple model to show that if buyers do not know and cannot verify whether sellers have vaccinated their animals, then they...
