Concepedia

Adverse Selection

Adverse Selection is a market failure phenomenon in which asymmetric information between transacting parties leads to the disproportionate participation of high-risk or low-quality types in a transaction, thereby distorting equilibrium outcomes and reducing market efficiency.

3.8K

Publications

302.1K

Citations

5.8K

Authors

1.8K

Institutions

Publications per year

2017–2026

652

Parents

Children

Publications

3.8K

The Market for "Lemons": Quality Uncertainty and the Market Mechanism

George A. Akerlof · The Quarterly Journal of Economics · 1970 · 22.6K citations

, , +8

Credit Rationing in Markets with Imperfect Information

Joseph E. Stiglitz, Andrew Weiss · American Economic Review · 1981 · 12.9K citations · Full text

, , +13

Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information

Michael Rothschild, Joseph E. Stiglitz · The Quarterly Journal of Economics · 1976 · 5K citations

, , +17

Probit Analysis (3rd ed).

J. A. Lewis, D Finney · Journal of the Royal Statistical Society Series C (Applied Statistics) · 1972 · 2.7K citations

, , +4

Limited information estimators and exogeneity tests for simultaneous probit models

Douglas Rivers, Quang Vuong · Journal of Econometrics · 1988 · 1.7K citations

, , +14

1–5 of 3.8K

Authors

5.8K

  1. JE
    Joseph E. Stiglitz

    Columbia University, United States

    20 publications · 22.7K citations

    18

    h-index

  2. GD
    Georges Dionne

    HEC Montréal, Canada

    24 publications · 1.2K citations

    17

    h-index

  3. AV
    Anjan V. Thakor

    Washington University in St. Louis, United States

    14 publications · 4K citations

    14

    h-index

  4. MV
    Mark V. Pauly

    University of Pennsylvania, United States

    14 publications · 1.6K citations

    12

    h-index

  5. AF
    Amy Finkelstein

    Massachusetts Institute of Technology, United States

    12 publications · 2.2K citations

    12

    h-index

1–5 of 5.8K

Institutions

1.8K

  1. National Bureau of Economic Research

    Cambridge, United States

    52 h-index

    210 publications

    16.4K citations

  2. Stanford University

    Stanford, United States

    48 h-index

    97 publications

    16.4K citations

  3. University of Pennsylvania

    Philadelphia, United States

    40 h-index

    112 publications

    9.7K citations

  4. New York University

    New York, United States

    39 h-index

    73 publications

    6K citations

  5. University of California, Berkeley

    Berkeley, United States

    37 h-index

    85 publications

    8.3K citations

  6. Cornell University

    Ithaca, United States

    36 h-index

    77 publications

    7K citations

  7. Centre for Economic Policy Research

    London, United Kingdom

    36 h-index

    99 publications

    5.8K citations

  8. Massachusetts Institute of Technology

    Cambridge, United States

    33 h-index

    47 publications

    6.9K citations

1–8 of 1.8K

Venues

  1. The Journal of Finance

    99 publications · 19.2K citations

    63

    h-index

  2. SSRN Electronic Journal

    Repository · 528 publications · 19.4K citations

    62

    h-index

  3. Review of Financial Studies

    70 publications · 13.2K citations

    52

    h-index

  4. American Economic Review

    68 publications · 23.7K citations

    50

    h-index

  5. Journal of Financial Economics

    51 publications · 5.9K citations

    42

    h-index

1–5