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.
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0614107-114842 |
| Date | 14 June 2007 |
| Creators | Wang, Chun-chieh |
| Contributors | Chin Shan-non, Shih-Shen Chen, Liu,Tru-Gin |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | Cholon |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0614107-114842 |
| Rights | not_available, Copyright information available at source archive |
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