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Cited by 263

The DOI matches its Crossref record; 44 of the 44 references it cites were found in a registry or an index.

Overcoming Adverse Selection: How Public Intervention Can Restore Market Functioning

Tirole, Jean·2012·American Economic Review
DOI 10.1257/aer.102.1.29
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Abstract

The paper provides a first analysis of market jump starting and its two-way interaction between mechanism design and participation constraints. The government optimally overpays for the legacy assets and cleans up the market of its weakest assets, through a mixture of buybacks and equity injections, and leaves the firms with the strongest legacy assets to the market. The government reduces adverse selection enough to let the market rebound, but not too much, so as to limit the cost of intervention. The existence of a market imposes no welfare cost. (JEL D82, D83, G01, G31, H81)

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Metadata

Authors
Tirole, J.
Venue
American Economic Review
Publisher
American Economic Association
Published
2012-02-01
Volume
102
Issue
1
Pages
29-59
ISSN
0002-8282 (ISSN-L)
DOI
10.1257/aer.102.1.29
OpenAlex
W2098732681
Cited by
263
References
44
FWCI
24.67
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Overcoming Adverse Selection: How Public Intervention Can Restore Market Functioning. https://app.cochat.ai/papers/10.1257/aer.102.1.29
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Tirole, J. (2012). Overcoming Adverse Selection: How Public Intervention Can Restore Market Functioning. American Economic Review. https://doi.org/10.1257/aer.102.1.29

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.