types increases consumer welfare by leveraging competition from the elastic low-risk market to the less elastic high …

. Uninsured consumers, however, are now not better off without exclusion. Competition among insurers raises prices in equilibria …

based on managed competition. Although all insurers offer the same basic package (determined by the government), there is …

provision or cheap talk, and competition inherent to social media may incentivize participants to either process better …, we find evidence that social media can be informative about future stock returns but that competition distorts opinions … rather than encouraging participants to process better information. In particular, competition induces exaggerated negative …