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Adverse selection severity depends on the asset’s distribution, which can be endogenously determined in real-world applications. This study examines a bilateral trade model where the seller’s pre-trade actions impact the asset’s distribution. Findings reveal that the seller exhibits risk-seeking behavior and riskier underlying distributions result in lower social welfare. Consequently, “lemon markets” emerge organically in these environments.
Faculti is an academic streaming platform, set up by a former school teacher, that covers 8000 academics annually across 20 subjects, across the world. The aim is to interview academics and policy makers discussing their research or analysis without any journalistic influence or bias. Edited as it is, with just minor aesthetic mistakes removed. More here
How do you select interviews? Editorial policy?
Team of editors across all the main disciplines select publications along a three-pronged approach: 1. Most cited and latest in each subject 2. Internal audience website data 3. Publisher Partners suggestions eg Taylor and Francis, Princeton University Press, they suggest what to cover.
Interview Process
Interview agreed. All questions sent in advance by 4-5 days. Researched and Written by our journalists. Interview undertaken on Zoom, Webex or phone. Checks for framing, lighting, sound. Journalist interviews you, asks follow-ups, retakes. Raw footage enters editing cycle. Office follows up. Insight goes live.