New working paper: The IO of Selection Markets (joint with @liraneinav and Amy Finkelstein)
Prepared for Volume 4 of The Handbook of Industrial Organization
NBER WP: nber.org/papers/w29039
Ungated version: stanford.io/3wRFqFA
Prepared for Volume 4 of The Handbook of Industrial Organization
NBER WP: nber.org/papers/w29039
Ungated version: stanford.io/3wRFqFA
In writing the chapter, we tried to put ourselves in the shoes of a 2nd year PhD student who is interested in learning about -- and potentially doing research on -- selection markets.
We provide a common framework, terminology, and notation that can be used to understand many of the recent wave of IO-related papers on selection markets, which has largely focused on insurance and credit markets
Selection markets are, imo, an excellent area for study. They're characterized by high-quality data (eg produce choice and use), strong connections to theory (eg adverse selection, expected utility theory), and significant policy interest. What else could you ask for 😀
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