A Dynamic Game Model for the Coexistence of Mutiple-Period Lemon Market and New Car Market

碩士 === 國立中山大學 === 經濟學研究所 === 95 === This paper examines the properties of the perfect Bayesian Nash equilibrium or equilibria in a model where the new car market coexists with the lemon market which has adverse selection problems. Under such a setting, it is shown that the price of a new car will be...

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Bibliographic Details
Main Authors: Chun-chieh Wang, 王駿傑
Other Authors: Liu,Tru-Gin
Format: Others
Language:zh-TW
Published: 2007
Online Access:http://ndltd.ncl.edu.tw/handle/5tb53r