Robust predictions and hard information in the market for lemons

Yamaguchi, Yusuke; Yamashita, Takuro

Economics Letters, 2025, 256, 112568

Number of Access:0（2025-11-02 05:39 Counts）

Identifier to cite or link to this item: https://hdl.handle.net/11094/102881

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Title
Robust predictions and hard information in the market for lemons
Creator
NRID
1000081020211 1000081020211
ORCID
0009-0004-8243-348X 0009-0004-8243-348X
researchmap permalink
yamaguchiyusuke yamaguchiyusuke
Scopus Author ID
59510300100 59510300100
CreatorName
Yamaguchi, Yusuke
NRID
1000050928728 1000050928728
ORCID
0009-0002-2812-7874 0009-0002-2812-7874
researchmap permalink
takuroyamashita takuroyamashita
Scopus Author ID
36159289900 36159289900
CreatorName
Yamashita, Takuro
Subject
Evidence
Hard information
Market for lemons
Description
Yamaguchi Y., Yamashita T.. Robust predictions and hard information in the market for lemons. Economics Letters 256, 112568 (2025); https://doi.org/10.1016/j.econlet.2025.112568.
Abstract
The literature on informationally robust predictions has focused mostly on soft information. In a stylized adverse selection model, we show that hard information enables trade, even when the unique equilibrium outcome without it is no-trade.
Publisher
Elsevier B.V.
Source Title
Economics Letters
Volume (Issue)
256
Page
112568
Date of Issued
2025-10-01
Language
English
Handle URL
https://hdl.handle.net/11094/102881
PISSN
01651765
Relation.isIdenticalTo
DOI (Publisher Version)
https://doi.org/10.1016/j.econlet.2025.112568
Access Rights
open access
CopyRight
This article is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
oaire:version
Version of Record
Category
学術雑誌論文 Journal Article