Selling assets to raise corporate capital

Alex Edmans, William Mann, 15 February 2014

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Asset sales are a means of financing

Topics: Financial markets, Frontiers of economic research
Tags: adverse selection, asset sales, asymmetric information, capital, financing, information asymmetry, lemons problem

The impact of asymmetric information about collateral values in mortgage lending

Johannes Stroebel, 13 December 2012

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The mortgage market was the starting point for several of the post-Lehman crises: the subprime crisis, the Irish crisis, the Spanish crisis, and many more. It is a market typified by massive information asymmetries, and it has been argued that a market based on highly asymmetric information contributed to the buildup of bad mortgage debt during the first half of the last decade.

Topics: Global crisis, Macroeconomic policy
Tags: asymmetric information, global crisis, subprime crisis

How can Bill and Melinda Gates increase other people's donations to fund public goods?

Dean Karlan, John List, 2 April 2012

Vox readers can download CEPR Discussion Paper 8922 for free here

Journalists are entitled to free DP downloads on request; please contact pressoffice@cepr.org. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

URL: http://www.cepr.org/DP8922
Topics: Development, Poverty and income inequality
Tags: asymmetric information, charitable giving, charity, Public goods

Rent capture through financial innovation

Bruno Biais, Jean-Charles Rochet, Paul Woolley, 25 March 2010

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Financial institutions can create frictions. Until recently, economic theory had paid relatively little attention to this possibility. For example, asset pricing theory often assumes that prices are set directly by the "representative household", treating the finance sector as an efficient pass-through.

Topics: Financial markets, Global crisis
Tags: asymmetric information, financial crises, financial regulation

Information and illegal market mechanisms

Trevon D. Logan, Manisha Shah, 25 April 2009

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Economists have coalesced around the view that institutional design can help overcome problems of asymmetric information.

Topics: Institutions and economics
Tags: asymmetric information, contract enforcement, institutions

The economics of labour market intermediation

David Autor, 30 October 2008

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The labour market depicted by undergraduate textbooks (e.g. Mankiw 2006) is a pure spot market with complete information and atomistic price-taking. Labour economists have long understood that this model is highly incomplete.

Topics: Labour markets
Tags: asymmetric information, labour market intermediaries, Labour Markets

Bagehot, central banking, and the financial crisis

Xavier Vives, 31 March 2008

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The present financial crisis poses two main questions: whether it is similar to past crises and how central banks should intervene to preserve the stability of the system.

Topics: Financial markets
Tags: asymmetric information, Central Banks, financial stability, liquidity, subprime crisis

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