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A Dynamic Game Model for the Coexistence of Mutiple-Period Lemon Market and New Car Market

This paper examines the properties of the perfect Bayesian Nash equilibrium or equilibria in a model where the new car market coexists with the lemon market which has adverse selection problems. Under such a setting, it is shown that the price of a new car will be affected indirectly by the problems of adverse selection in the lemon market.

Identiferoai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0614107-114842
Date14 June 2007
CreatorsWang, Chun-chieh
ContributorsChin Shan-non, Shih-Shen Chen, Liu,Tru-Gin
PublisherNSYSU
Source SetsNSYSU Electronic Thesis and Dissertation Archive
LanguageCholon
Detected LanguageEnglish
Typetext
Formatapplication/pdf
Sourcehttp://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0614107-114842
Rightsnot_available, Copyright information available at source archive

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