Meet the lemons: An experiment on how cheap-talk overcomes adverse selection in decentralized markets.
Simon SiegenthalerPublished in: Games Econ. Behav. (2017)
Keyphrases
- adverse selection
- moral hazard
- electronic markets
- incentive compatible
- cooperative
- infinite horizon
- electronic commerce
- multi agent
- principal agent
- peer to peer
- peer to peer systems
- multistage
- construction process
- business models
- information systems
- optimal policy
- software development
- state space
- search space
- case study