for private information. We charac terize optimal mechanisms and analyze specific programs often used during banking …

This paper compares the welfare effects of three ways in which health care can be organized: no competition (NC …), competition for the market (CfM) and competition on the market (CoM) where the payer offers the optimal contract to providers in … particular, CfM is optimal in a clinical situation where the payer either has contractible information on provider quality or can …

information and correlated between them. The principals benchmark their agents against each other by making the same offers in the … complements this pattern is reinforced while under competition in substitutes the principals trade off the benefits of …

normative analysis, i.e. we evaluate alternative competition and innovation policies from a welfare perspective. Third, we … introduce a reliable way to measure competition in dynamic markets with non-linear pricing. We illustrate the usefulness of our …

trading of ownership and control in a private information setting. The model provides a novel explanation for the prevalence …

' ability to realize gains from speculative bets when their prior belief is private information? We apply a 'mechanism design …