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This chapter develops the theoretical 2TSF model for the effects of incomplete information on both sides of a market. We show how it links to the abstract definition of a two-tier frontier and proceed to derive the corresponding empirical model. We apply the model to the housing market.

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  • 发表日期：

    2025年

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  • Alecos Papadopoulos,
  • Christopher F. Parmeter

摘要

This chapter develops the theoretical 2TSF model for the effects of incomplete information on both sides of a market. We show how it links to the abstract definition of a two-tier frontier and proceed to derive the corresponding empirical model. We apply the model to the housing market.