Akerlof proved that Pareto-Improvement cannot be achieved because of adverse selection in his "second-hand car market model",while this paper proves adverse selection that was caused by information asymmetry will reduce the efficiency of credit guarantee market.
理论上,阿克洛夫首先用二手车模型证明了信息不对称导致的逆向选择以及相应的效率问题。 从理论上可以证明:担保机构因信息不对称将面临着逆向选择和道德风险,而逆向选择则降低了担保市场的效率。
参考来源 - 我国中小企业信用担保市场失灵问题研究·2,447,543篇论文数据，部分数据来源于NoteExpress
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