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  • 2020
  • Working Paper
  • HBS Working Paper Series

The Cost of Anonymous Lemons

By: Amar Bhidé
  • Format:Print
  • | Language:English
  • | Pages:14
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Abstract

Rules that restrict information required in negotiated private transactions have spurred a vast increase in the scope of anonymous financial markets, particularly in the US. The subtle costs of the information restricting rules raise questions about the social value of “completing” anonymous markets that would not naturally survive and did not historically exist.

Keywords

Information Asymmetry; Securities; Securitization; Regulation; Liquidity; Information; Financial Markets; Governing Rules, Regulations, And Reforms; Financial Liquidity

Citation

Bhidé, Amar. "The Cost of Anonymous Lemons." Harvard Business School Working Paper, No. 21-046, September 2020.
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About The Author

Amar Bhide

General Management
→More Publications

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More from the Author
  • Tales of Life-changing Innovations: Too Simple to be Safe? | Note on the Development of Fecal Transplants By: Amar Bhidé and Srikant M. Datar
  • Tales of Life-changing Innovations: Early Detection, Precise Diagnoses | Note on the Development of Coronary Bypass Arterial Grafting (CABG) (through 2000) By: Amar Bhidé, Srikant M. Datar and Fabio Villa
  • Dame Cicely Saunders and the Modern Hospice Movement: A Brother's View By: Amar Bhidé and Srikant M. Datar
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