Dubey, Pradeep; Geanakoplos, John - In: The Quarterly Journal of Economics 117 (2002) 4, pp. 1529-1570
We build a model of competitive pooling, which incorporates adverse selection and signaling into general equilibrium. Pools are characterized by their quantity limits on contributions. Households signal their reliability by choosing which pool to join. In equilibrium, pools with lower quantity...