Ran Gu
@ran-gu.bsky.social
Associate Professor of Economics @citystgeorges.bsky.social | Research Associate @theifs.bsky.social | Household Finance & Macro Labour
Delighted that our paper has been accepted at Quantitative Economics! We show how asymmetric information distorts car transactions and consumption smoothing — using Danish registry data and a structural model of durable goods @cityeconomics.bsky.social @citystgeorges.bsky.social @theifs.bsky.social
How do durables affect consumption smoothing? Asymmetric information lowers their value as a smoothing tool. We measure lemons penalty for cars using Danish data and show income shocks sustain used car market @richardblundell.bsky.social @ran-gu.bsky.social buff.ly/3j30eyQ
October 31, 2025 at 2:25 PM
Delighted that our paper has been accepted at Quantitative Economics! We show how asymmetric information distorts car transactions and consumption smoothing — using Danish registry data and a structural model of durable goods @cityeconomics.bsky.social @citystgeorges.bsky.social @theifs.bsky.social