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Adverse Selection and Employment Cycles
Journal of Labor Economics, 1999This article examines a dynamic adverse‐selection model that generates equilibrium employment cycles. In the model, firms hire workers from unemployment, observe workers' productivity through time, and (following the profit‐maximizing rule) eventually fire unproductive workers.
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Matching markets with adverse selection
Journal of Economic Theory, 2005zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Genetic prediction and adverse selection
Abstract The predictive power of genetic data has increased dramatically and is reaching levels of clinical utility for many diseases. Meanwhile, many countries have banned insurers from utilizing genetic information, despite concerns about adverse selection. We make three contributions.Eduardo Azevedo +2 more
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Adverse selection in on line education
2003In 1970 George A. Akerlof published, in the Quarterly Journal of Economics, the very famous paper "The Market for Lemons: Quality Uncertainty and the Market Mechanism". The real innovative concept illustrated in that paper was the analysis of the market mechanisms in presence of informative asymmetries on the quality of products: because of a potential
V Pipitone, G Fulantelli, M Allegra
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The Effect of Decimalization on Trade Size and Adverse Selection Costs
Journal of Business Finance and Accounting, 2005Sugato Chakravarty
exaly