Must Sell

B-Tier
Journal: Journal of Economics & Management Strategy
Year: 1995
Volume: 4
Issue: 1
Pages: 55-68

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Why are moving sales a successful and widespread phenomenon? How can it be optimal for a seller to disclose her low valuation for the item to be sold? We propose an explanation based on the “lemons problem” in bargaining with asymmetric information about quality. Disclosing a low valuation signals that there are significant gains from trade, so that trade takes place when it wouldn't otherwise, and all agents are made better off.

Technical Details

RePEc Handle
repec:bla:jemstr:v:4:y:1995:i:1:p:55-68
Journal Field
Industrial Organization
Author Count
2
Added to Database
2026-01-25