Adverse selection with endogenous entry
Autor(a) principal: | |
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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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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 |
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