Adverse selection - Revision history

Vipul: /* Stability of adverse selection */

2012-11-30T16:57:29Z

Stability of adverse selection

← Older revision		Revision as of 16:57, 30 November 2012
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	{{further\|[[Adverse selection is self-perpetuating]]}}		{{further\|[[Adverse selection is self-perpetuating]]}}

	Adverse selection is self-sustaining, and in fact, is self-perpetuating. Under circumstances of adverse selection, the sellers with the most high-quality goods pull their goods out of the market, and this results in the proportion of high-quality goods becoming smaller still. This further reduces the expected value to buyers, reducing the amount they are willing to pay for a good of uncertain quality. This ~~persuaded~~ more sellers to pull their goods out of the market. The process continues till the only goods in the market are inferior, low-quality goods.		Adverse selection is self-sustaining, and in fact, is self-perpetuating. Under circumstances of adverse selection, the sellers with the most high-quality goods pull their goods out of the market, and this results in the proportion of high-quality goods becoming smaller still. This further reduces the expected value to buyers, reducing the amount they are willing to pay for a good of uncertain quality. This persuades more sellers to pull their goods out of the market. The process continues till the only goods in the market are inferior, low-quality goods.

	==Solutions to adverse selection==		==Solutions to adverse selection==

Vipul: /* General-purpose economics textbook references */

2010-06-03T16:33:48Z

General-purpose economics textbook references

← Older revision		Revision as of 16:33, 3 June 2010
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	\| {{booklink\|KrugmanWellsEconomics}} \|\| 560-561 \|\| \|\| \|\| [http://books.google.com/books?id=zWkhS7GPYlYC&pg=PA560 Google Books]		\| {{booklink\|KrugmanWellsEconomics}} \|\| 560-561 \|\| \|\| \|\| [http://books.google.com/books?id=zWkhS7GPYlYC&pg=PA560 Google Books]
	\|-		\|-
	\| {{booklink\|~~HirsheiferGlazerPriceTheory~~}} \|\| 317-320 \|\| Section 11.3 (''Asymmetric information'') \|\| \|\| [http://books.google.com/books?id=VbrKgDK-rioC&pg=PA319 Google Books] -- Page 319 onward (317, 318 not available in preview)		\| {{booklink\|HirshleiferGlazerPriceTheory}} \|\| 317-320 \|\| Section 11.3 (''Asymmetric information'') \|\| \|\| [http://books.google.com/books?id=VbrKgDK-rioC&pg=PA319 Google Books] -- Page 319 onward (317, 318 not available in preview)
	\|-		\|-
	\| {{booklink\|MankiwPrinciples}} \|\| 485-488 \|\| \|\| \|\| [http://books.google.com/books?id=oRgQ2goeFzwC&pg=PA485 Google Books]		\| {{booklink\|MankiwPrinciples}} \|\| 485-488 \|\| \|\| \|\| [http://books.google.com/books?id=oRgQ2goeFzwC&pg=PA485 Google Books]

Vipul: /* General-purpose economics textbook references */

2010-06-03T16:33:23Z

General-purpose economics textbook references

← Older revision		Revision as of 16:33, 3 June 2010
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	\| {{booklink\|KrugmanWellsEconomics}} \|\| 560-561 \|\| \|\| \|\| [http://books.google.com/books?id=zWkhS7GPYlYC&pg=PA560 Google Books]		\| {{booklink\|KrugmanWellsEconomics}} \|\| 560-561 \|\| \|\| \|\| [http://books.google.com/books?id=zWkhS7GPYlYC&pg=PA560 Google Books]
	\|-		\|-
	\| {{booklink\|~~HirschleiferGlazerPriceTheory~~}} \|\| 317-320 \|\| Section 11.3 (''Asymmetric information'') \|\| \|\| [http://books.google.com/books?id=VbrKgDK-rioC&pg=PA319 Google Books] -- Page 319 onward (317, 318 not available in preview)		\| {{booklink\|HirsheiferGlazerPriceTheory}} \|\| 317-320 \|\| Section 11.3 (''Asymmetric information'') \|\| \|\| [http://books.google.com/books?id=VbrKgDK-rioC&pg=PA319 Google Books] -- Page 319 onward (317, 318 not available in preview)
	\|-		\|-
	\| {{booklink\|MankiwPrinciples}} \|\| 485-488 \|\| \|\| \|\| [http://books.google.com/books?id=oRgQ2goeFzwC&pg=PA485 Google Books]		\| {{booklink\|MankiwPrinciples}} \|\| 485-488 \|\| \|\| \|\| [http://books.google.com/books?id=oRgQ2goeFzwC&pg=PA485 Google Books]
	\|}		\|}

	===Expository book references===		===Expository book references===

Vipul: /* References */

2010-06-03T16:28:25Z

References

← Older revision		Revision as of 16:28, 3 June 2010
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	* {{paperlink\|Akerloflemon}}		* {{paperlink\|Akerloflemon}}

			===General-purpose economics textbook references===

			{\| class="sortable" border="1"
			! Book !! Pages !! Chapter/section !! More comments !! Link
			\|-
			\| {{booklink\|LandsburgPriceTheory}} \|\| 300-301 \|\| \|\| \|\| [http://books.google.com/books?id=dSAebgMIoNIC&pg=PA300 Google Books]
			\|-
			\| {{booklink\|KrugmanWellsEconomics}} \|\| 560-561 \|\| \|\| \|\| [http://books.google.com/books?id=zWkhS7GPYlYC&pg=PA560 Google Books]
			\|-
			\| {{booklink\|HirschleiferGlazerPriceTheory}} \|\| 317-320 \|\| Section 11.3 (''Asymmetric information'') \|\| \|\| [http://books.google.com/books?id=VbrKgDK-rioC&pg=PA319 Google Books] -- Page 319 onward (317, 318 not available in preview)
			\|-
			\| {{booklink\|MankiwPrinciples}} \|\| 485-488 \|\| \|\| \|\| [http://books.google.com/books?id=oRgQ2goeFzwC&pg=PA485 Google Books]
			\|}
	===Expository book references===		===Expository book references===

Vipul: /* Expository book references */

2010-06-03T16:16:30Z

Expository book references

← Older revision		Revision as of 16:16, 3 June 2010
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	===Expository book references===		===Expository book references===

	* {{booklink\|UndercoverEconomist}}~~, Page 111~~-~~125,~~ Chapter 5 (''The Inside Story'')		{\| class="sortable" border="1"
	* {{booklink\|NakedEconomics}}~~, Page~~ 28 and ~~Page~~ 81-90 ('Economics of Information: McDonalds didn't create a better hamburger'')		! Book !! Pages !! Chapter/section !! More comments !! Link
			\|-
			\| {{booklink\|UndercoverEconomist}} \|\| 103-116 \|\| Chapter 5 (''The Inside Story'') \|\| \|\| [http://books.google.com/books?id=YAA8hPloNRcC&pg=PA103 Google Books]
			\|-
			\| {{booklink\|NakedEconomics}} \|\| 28 and 81-90 \|\| 'Economics of Information: McDonalds didn't create a better hamburger'' \|\| \|\|
			\|}

Vipul: /* Weblogs/articles discussing the topic */

2009-12-21T10:16:58Z

Weblogs/articles discussing the topic

← Older revision		Revision as of 10:16, 21 December 2009
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	Particular blog entries/articles on adverse selection:		Particular blog entries/articles on adverse selection:

	* [http://www.marginalrevolution.com/marginalrevolution/2005/12/adverse_selecti.htm ~~ADverse~~ selection is NOT the problem -- Alex Tabarrok, Marginal Revolution, December 13, 2005]		* [http://www.marginalrevolution.com/marginalrevolution/2005/12/adverse_selecti.htm Adverse selection is NOT the problem -- Alex Tabarrok, Marginal Revolution, December 13, 2005]
	* [http://www.marginalrevolution.com/marginalrevolution/2007/02/what_is_adverse.html What is adverse selection anyway? -- Tyler Cowen, Marginal Revolution, February 5, 2007]		* [http://www.marginalrevolution.com/marginalrevolution/2007/02/what_is_adverse.html What is adverse selection anyway? -- Tyler Cowen, Marginal Revolution, February 5, 2007]
	* [http://econlog.econlib.org/archives/2009/07/a_closer_look_a.html A closer look at adverse selection -- Bryan Caplan, Econlog, July 1, 2009]		* [http://econlog.econlib.org/archives/2009/07/a_closer_look_a.html A closer look at adverse selection -- Bryan Caplan, Econlog, July 1, 2009]
	* [http://www.marginalrevolution.com/marginalrevolution/2009/07/adverse-selection-again.html Adverse selection one again -- Alex Tabarrok, Marginal Revolution, July 3, 2009]		* [http://www.marginalrevolution.com/marginalrevolution/2009/07/adverse-selection-again.html Adverse selection one again -- Alex Tabarrok, Marginal Revolution, July 3, 2009]

	===Journal references===		===Journal references===

Vipul: /* References */

2009-12-21T10:15:31Z

References

← Older revision		Revision as of 10:15, 21 December 2009
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	* {{gregmankiwsearch\|"adverse+selection"}}		* {{gregmankiwsearch\|"adverse+selection"}}
	* {{economixblog\|adverse-selection}}		* {{economixblog\|adverse-selection}}

			Particular blog entries/articles on adverse selection:

			* [http://www.marginalrevolution.com/marginalrevolution/2005/12/adverse_selecti.htm ADverse selection is NOT the problem -- Alex Tabarrok, Marginal Revolution, December 13, 2005]
			* [http://www.marginalrevolution.com/marginalrevolution/2007/02/what_is_adverse.html What is adverse selection anyway? -- Tyler Cowen, Marginal Revolution, February 5, 2007]
			* [http://econlog.econlib.org/archives/2009/07/a_closer_look_a.html A closer look at adverse selection -- Bryan Caplan, Econlog, July 1, 2009]
			* [http://www.marginalrevolution.com/marginalrevolution/2009/07/adverse-selection-again.html Adverse selection one again -- Alex Tabarrok, Marginal Revolution, July 3, 2009]
	===Journal references===		===Journal references===

Vipul: /* Online encyclopedia/dictionary references */

2009-11-15T15:16:45Z

Online encyclopedia/dictionary references

← Older revision		Revision as of 15:16, 15 November 2009
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	===Online encyclopedia/dictionary references===		===Online encyclopedia/dictionary references===

	* [[cee:Insurance\|The insurance entry in the Concise Encyclopedia of Economics]] discusses adverse selection on the context of insurance.		* [[cee:Insurance\|The insurance entry in the Concise Encyclopedia of Economics]] discusses adverse selection in the context of insurance.
	* [[wikipedia:Adverse selection\|The Wikipedia entry on adverse selection]]		* [[wikipedia:Adverse selection\|The Wikipedia entry on adverse selection]]
	* [[economistaz:adverse selection\|Adverse selection on the Economist A-Z]]		* [[economistaz:adverse selection\|Adverse selection on the Economist A-Z]]

Vipul: /* References */

2009-11-15T15:16:24Z

References

← Older revision		Revision as of 15:16, 15 November 2009
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	* [[economistaz:adverse selection\|Adverse selection on the Economist A-Z]]		* [[economistaz:adverse selection\|Adverse selection on the Economist A-Z]]

			===Weblogs/articles discussing the topic===

			* {{econlibsearch\|"adverse+selection"}}
			* {{marginalrevolutionsearch\|"adverse+selection"}}
			* {{gregmankiwsearch\|"adverse+selection"}}
			* {{economixblog\|adverse-selection}}
	===Journal references===		===Journal references===

Vipul: /* References */

2009-11-15T14:56:32Z

References

← Older revision		Revision as of 14:56, 15 November 2009
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	==References==		==References==

	===Online references===		===Online encyclopedia/dictionary references===

	* [[cee:~~insurance~~\|The insurance entry in the Concise Encyclopedia of Economics]] discusses adverse selection on the context of insurance.		* [[cee:Insurance\|The insurance entry in the Concise Encyclopedia of Economics]] discusses adverse selection on the context of insurance.
	* [[wikipedia:~~adverse~~ selection\|The Wikipedia entry on adverse selection]]		* [[wikipedia:Adverse selection\|The Wikipedia entry on adverse selection]]
			* [[economistaz:adverse selection\|Adverse selection on the Economist A-Z]]

	===Journal references===		===Journal references===