Voluntary Disclosure of Private Information and Unraveling in the Market for Lemons: An Experiment
We experimentally analyze a lemons market with a labor-market framing. Sellers are referred to as “workers” and have the possibility to provide “employers” with costly but credible information about their “productivity”. Economic theory sug...
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| Format: | Article |
| Language: | English |
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MDPI AG
2018-05-01
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| Series: | Games |
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| Online Access: | http://www.mdpi.com/2073-4336/9/2/23 |