Robust predictions and hard information in the market for lemons

IF 1.8 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2025-09-03 DOI:10.1016/j.econlet.2025.112568

Yusuke Yamaguchi , Takuro Yamashita

引用次数: 0

Abstract

The literature on informationally robust predictions has focused mostly on soft information. In a stylized adverse selection model, we show that hard information enables trade, even when the unique equilibrium outcome without it is no-trade.

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柠檬市场的可靠预测和可靠信息

关于信息稳健预测的文献主要集中在软信息上。在一个程式化的逆向选择模型中，我们表明，即使没有硬信息的唯一均衡结果是不交易，硬信息也能促进贸易。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.