• openAccess   Exchange markets with endogenous quality: When the lemons problem enchances trade 

      Barreda-Tarrazona, Iván; García-Gallego, Aurora; Georgantzis, Nikolaos; Mitrokostas, Evangelos; Jaber-Lopez, Tarek; Ziros, Nicholas (2016)
      A worrying feature of Akerlof’s (1970) model is that the existence of sufficiently many products of relatively low quality (“lemons”) in a market may not only drive those of high quality ...
    • openAccess   Market games as social dilemmas 

      Barreda-Tarrazona, Iván; García-Gallego, Aurora; Georgantzis, Nikolaos; Ziros, Nicholas Elsevier (2018-11)
      In an experimental exchange market based on Shapley and Shubik (1977), two types of players with different preferences and endowments independently submit quantities of the goods they wish to exchange. In this context, ...