We study a dynamic, decentralized lemons market with one-time entry and characterize its set of equilibria. Our framework offers a theory of how 'frozen' markets suffering from adverse selection recover or 'thaw' over time ...

This paper characterizes the set of equilibrium payoffs in bargaining with interdependent values when the informed party makes all offers, as discounting vanishes. The seller of a good is informed of its quality, which ...

Economic losses caused by postharvest diseases represent one of the main problems of the citrus industry worldwide. The major diseases affecting citrus are the "green mold" and "blue mold", caused by Penicillium digitatum ...

Este trabalho investiga o papel da sinalização em um mercado dinâmico de limões. Nós derivamos propriedades gerais dos equilíbrios, e em particular dos equilíbrios totalmente separantes. O equilíbrio separante mais ...

The main phytopathogen that affects lemons in the postharvest stage is Penicillium digitatum. Currently, chemical fungicides which have been shown to have negative impacts on both, the environment and human health are used ...

We prove the existence of monotonic pure strategy equilibrium for many kinds of asymmetric auctions with n bidders and unitary demands, interdependent values and independent types. The assumptions require monotonicity only ...

In this work we study an agent based model to investigate the role of asymmetric information degrees for market evolution. This model is quite simple and may be treated analytically since the consumers evaluate the quality ...

In this work we study an agent based model to investigate the role of asymmetric information degrees for market evolution. This model is quite simple and may be treated analytically since the consumers evaluate the quality ...