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http://www.tvhe.co.nz/2008/10/01/assets-and-the-market-for-lemons/ The Visible Hand in Economics Thu, 23 Oct 2008 19:20:21 +0000 hourly 1 https://wordpress.org/?v=6.9.4 http://www.tvhe.co.nz/2008/10/01/assets-and-the-market-for-lemons/#comment-2651 Thu, 23 Oct 2008 19:20:21 +0000 http://tvhe.wordpress.com/?p=1342#comment-2651 […] risk from lending (given new information that has been revealed), and how much is the result of an asymmetric information issue which leads to credit rationing. In six months, once we have the data, we will know – and we […]

]]> http://www.tvhe.co.nz/2008/10/01/assets-and-the-market-for-lemons/#comment-2650 Fri, 10 Oct 2008 01:01:57 +0000 http://tvhe.wordpress.com/?p=1342#comment-2650 […] repeated game, which then rewards people for collusive behaviour) had allowed us to bypass the asymmetric information problem inherent in the market. With that trust gone, no-one will lend or purchases assets, as they […]

]]> http://www.tvhe.co.nz/2008/10/01/assets-and-the-market-for-lemons/#comment-2649 Wed, 08 Oct 2008 19:00:50 +0000 http://tvhe.wordpress.com/?p=1342#comment-2649 […] repeated game, which then rewards people for collusive behaviour) had allowed us to bypass the asymmetric information problem inherent in the market.  With that trust gone, no-one will lend or purchases assets, as […]

]]> http://www.tvhe.co.nz/2008/10/01/assets-and-the-market-for-lemons/#comment-2648 Thu, 02 Oct 2008 03:00:37 +0000 http://tvhe.wordpress.com/?p=1342#comment-2648 […] is the failure here? I have prattled on about asymmetric information in the past and if this is the failure lets accept it and figure out how best to solve […]

]]> http://www.tvhe.co.nz/2008/10/01/assets-and-the-market-for-lemons/#comment-2647 Wed, 01 Oct 2008 20:18:44 +0000 http://tvhe.wordpress.com/?p=1342#comment-2647 […] that the main area where government intervention could be beneficial stems from the existence of an asymmetric information problem which is driving us towards a Pareto inferior equilibrium.  In English, I think that buyers […]

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