The Io of Selection Markets

36 Pages Posted: 19 Jul 2021 Last revised: 18 Nov 2021

See all articles by Liran Einav

Liran Einav

Stanford University - Department of Economics; National Bureau of Economic Research (NBER)

afink@mit.edu Finkelstein

Massachusetts Institute of Technology (MIT)

Neale Mahoney

Stanford University

Date Written: July 2021

Abstract

This is an invited chapter for the forthcoming Volume 4 of the Handbook of Industrial Organization. We focus on "selection markets," which cover markets in which consumers vary not only in how much they are willing to pay for a product but also in how costly they are to the seller. The chapter tries to organize the recent wave of IO-related papers on selection markets, which has largely focused on insurance and credit markets. We provide a common framework, terminology, and notation that can be used to understand many of these papers, and that we hope can be usefully applied going forward.

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Suggested Citation

Einav, Liran and Finkelstein, afink@mit.edu and Mahoney, Neale, The Io of Selection Markets (July 2021). Available at SSRN: https://ssrn.com/abstract=3889146 or http://dx.doi.org/10.2139/ssrn.3889146

Liran Einav (Contact Author)

Stanford University - Department of Economics ( email )

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Afink@mit.edu Finkelstein

Massachusetts Institute of Technology (MIT)

Neale Mahoney

Stanford University

Stanford, CA 94305
United States

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