Pritchett, Jonathan B; Chamberlain, Richard M - In: The Quarterly Journal of Economics 108 (1993) 2, pp. 461-73
Bruce Greenwald and Robert Glasspiegel (1983) argue that adverse selection depressed the market prices of slaves, causing current researchers to overestimate the rate of return from slavery. In this paper, the authors test for the presence of adverse selection by comparing the prices of local...