[PDF] Beautiful Lemons: Adverse Selection in Durable-Goods Markets with Sorting | Semantic Scholar Skip to search formSkip to main content> Semantic Scholar's Logo Search Sign InCreate Free Account You are currently offline. Some features of the site may not work correctly. DOI:10.1287/mnsc.2016.2495 Corpus ID: 13357834Beautiful Lemons: Adverse Selection in Durable-Goods Markets with Sorting @article{Peterson2017BeautifulLA, title={Beautiful Lemons: Adverse Selection in Durable-Goods Markets with Sorting}, author={Jonathan R. Peterson and Henry S. Schneider}, journal={Manag. Sci.}, year={2017}, volume={63}, pages={3111-3127} } Jonathan R. Peterson, Henry S. Schneider Published 2017 Economics, Computer Science Manag. Sci. We document a basic characteristic of adverse selection in secondhand markets for durable goods: goods with higher observed quality may have more adverse selection and hence lower unobserved quality. We provide a simple theoretical model to demonstrate this result, which is a consequence of the interaction of sorting between drivers over observed quality and adverse selection over unobserved quality. We then offer empirical support using data on secondhand prices and repair rates of used cars… Expand View via Publisher research.chicagobooth.edu Save to Library Create Alert Cite Launch Research Feed Share This Paper 8 CitationsHighly Influential Citations 2 Background Citations 3 Methods Citations 2 Results Citations 1 View All Topics from this paper Sorting Device driver Theory 8 Citations Citation Type Citation Type All Types Cites Results Cites Methods Cites Background Has PDF Publication Type Author More Filters More Filters Filters Sort by Relevance Sort by Most Influenced Papers Sort by Citation Count Sort by Recency Revenue management for durable goods using trade-ins with certified pre-owned options Jen-Ming Chen, Yu-Ting Hsu Economics 2017 8 PDF Save Alert Research Feed Sorting on the Used-Car Market after the Volkswagen Emission Scandal A. Strittmatter, M. 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Fu Engineering 2017 Save Alert Research Feed References SHOWING 1-10 OF 37 REFERENCES SORT BYRelevance Most Influenced Papers Recency Adverse Selection in Durable Goods Markets I. Hendel, A. Lizzeri Economics 1997 234 PDF Save Alert Research Feed Quality Differentials and Prices: Are Cherries Lemons? R. Rosenman, W. Wilson Economics 1991 34 View 3 excerpts, references background Save Alert Research Feed Efficient Sorting in a Dynamic Adverse Selection Model: The Hot Potato I. Hendel, A. Lizzeri, M. Siniscalchi Economics, Business 2000 50 PDF View 1 excerpt, references background Save Alert Research Feed The market for used cars: new evidence of the lemons phenomenon Winand Emons, G. Sheldon Economics 2009 16 View 1 excerpt, references background Save Alert Research Feed Adverse selection in the used-car market: evidence from purchase and repair patterns in the Consumer Expenditure Survey Jonathan R. Peterson, Henry S. Schneider Economics 2014 20 View 2 excerpts, references background Save Alert Research Feed Leasing, Lemons, and Buybacks J. P. Johnson, Michael Waldman Economics 2003 90 View 3 excerpts, references background Save Alert Research Feed Lemons and Leases in the Used Business Aircraft Market T. Gilligan Economics Journal of Political Economy 2004 38 View 2 excerpts, references background Save Alert Research Feed The Role of Leasing under Adverse Selection I. Hendel, A. Lizzeri Business, Economics Journal of Political Economy 2002 145 PDF Save Alert Research Feed The Market for “Lemons”: Quality Uncertainty and the Market Mechanism G. A. Akerlof Economics 1970 13,399 PDF View 2 excerpts, references background Save Alert Research Feed Price discrimination via second-hand markets S. Anderson, Victor Ginsburgh Economics 1994 122 PDF View 1 excerpt, references background Save Alert Research Feed ... 1 2 3 4 ... 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