Adverse selection with endogenous entry

Detalhes bibliográficos
Autor(a) principal: Forlin, Amanda
Data de Publicação: 2014
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/11832
Resumo: Usando como base o ambiente descrito em Moreno e Wooders (2010), neste trabalho, analisamos trocas em um ambiente dinâmico, descentralizado e com seleção adversa. Ao contrário dos autores e da literatura, não consideramos a proporção de ativos de alta qualidade entrantes como independente das características do mercado. Desse modo, adaptamos o modelo dinâmico básico de seleção adversa para incorporar a decisão do vendedor sobre a possibilidade de pagar ou não um preço e transformar seu ativo de baixa qualidade em um ativo de alta qualidade antes de entrar no mercado. E, sob essas condições, mostramos que o bem-estar pode se comportar de maneira diferente do modelo tradicional.
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spelling Forlin, AmandaEscolas::EESPMonte, DanielLima, Rafael Coutinho CostaCamargo, Bráz Ministério de2014-06-16T12:52:11Z2014-06-16T12:52:11Z2014-05-23FORLIN, Amanda. Adverse selection with endogenous entry. Dissertação (Mestrado em Economia de Empresas) - FGV - Fundação Getúlio Vargas, São Paulo, 2014.http://hdl.handle.net/10438/11832Usando como base o ambiente descrito em Moreno e Wooders (2010), neste trabalho, analisamos trocas em um ambiente dinâmico, descentralizado e com seleção adversa. Ao contrário dos autores e da literatura, não consideramos a proporção de ativos de alta qualidade entrantes como independente das características do mercado. Desse modo, adaptamos o modelo dinâmico básico de seleção adversa para incorporar a decisão do vendedor sobre a possibilidade de pagar ou não um preço e transformar seu ativo de baixa qualidade em um ativo de alta qualidade antes de entrar no mercado. E, sob essas condições, mostramos que o bem-estar pode se comportar de maneira diferente do modelo tradicional.Using as our base model the environment described in Moreno and Wooders (2010), in this work we analyse trade in a dynamic and decentralized market with adverse selection. Unlike both authors and the literature, we do not consider the proportion of high quality assets entering the market to be independent of market characteristics. We adapt the basic dynamic adverse selection model to incorporate the seller’s decision on whether to pay or not a price κ and transform their low quality asset into a high quality asset before entering the market. And, under these condition, we show that welfare may behave differently from the traditional model.engAdverse selectionDecentralized marketsEndogenous entryMercados descentralizadosEntrada endógenaSeleção adversaEconomiaInformação assimétricaSeleção adversaMercadoMicroeconomiaAdverse selection with endogenous entryinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINALDissertação_Amanda_Forlin.pdfDissertação_Amanda_Forlin.pdfapplication/pdf467741https://repositorio.fgv.br/bitstreams/3ba2ab6c-7e2f-47c9-85ee-42b660a1e74b/download3b22a94826a6546ef8d4bd68a1719227MD51LICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv Adverse selection with endogenous entry
title Adverse selection with endogenous entry
spellingShingle Adverse selection with endogenous entry
Forlin, Amanda
Adverse selection
Decentralized markets
Endogenous entry
Mercados descentralizados
Entrada endógena
Seleção adversa
Economia
Informação assimétrica
Seleção adversa
Mercado
Microeconomia
title_short Adverse selection with endogenous entry
title_full Adverse selection with endogenous entry
title_fullStr Adverse selection with endogenous entry
title_full_unstemmed Adverse selection with endogenous entry
title_sort Adverse selection with endogenous entry
author Forlin, Amanda
author_facet Forlin, Amanda
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EESP
dc.contributor.member.none.fl_str_mv Monte, Daniel
Lima, Rafael Coutinho Costa
dc.contributor.author.fl_str_mv Forlin, Amanda
dc.contributor.advisor1.fl_str_mv Camargo, Bráz Ministério de
contributor_str_mv Camargo, Bráz Ministério de
dc.subject.eng.fl_str_mv Adverse selection
Decentralized markets
Endogenous entry
topic Adverse selection
Decentralized markets
Endogenous entry
Mercados descentralizados
Entrada endógena
Seleção adversa
Economia
Informação assimétrica
Seleção adversa
Mercado
Microeconomia
dc.subject.por.fl_str_mv Mercados descentralizados
Entrada endógena
Seleção adversa
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Informação assimétrica
Seleção adversa
Mercado
Microeconomia
description Usando como base o ambiente descrito em Moreno e Wooders (2010), neste trabalho, analisamos trocas em um ambiente dinâmico, descentralizado e com seleção adversa. Ao contrário dos autores e da literatura, não consideramos a proporção de ativos de alta qualidade entrantes como independente das características do mercado. Desse modo, adaptamos o modelo dinâmico básico de seleção adversa para incorporar a decisão do vendedor sobre a possibilidade de pagar ou não um preço e transformar seu ativo de baixa qualidade em um ativo de alta qualidade antes de entrar no mercado. E, sob essas condições, mostramos que o bem-estar pode se comportar de maneira diferente do modelo tradicional.
publishDate 2014
dc.date.accessioned.fl_str_mv 2014-06-16T12:52:11Z
dc.date.available.fl_str_mv 2014-06-16T12:52:11Z
dc.date.issued.fl_str_mv 2014-05-23
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.citation.fl_str_mv FORLIN, Amanda. Adverse selection with endogenous entry. Dissertação (Mestrado em Economia de Empresas) - FGV - Fundação Getúlio Vargas, São Paulo, 2014.
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/11832
identifier_str_mv FORLIN, Amanda. Adverse selection with endogenous entry. Dissertação (Mestrado em Economia de Empresas) - FGV - Fundação Getúlio Vargas, São Paulo, 2014.
url http://hdl.handle.net/10438/11832
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
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