Showing 1 - 10 of 117
Persistent link: https://www.econbiz.de/10001398889
Persistent link: https://www.econbiz.de/10001391537
Persistent link: https://www.econbiz.de/10001251091
Persistent link: https://www.econbiz.de/10001214887
Persistent link: https://www.econbiz.de/10001235524
Persistent link: https://www.econbiz.de/10001238927
Persistent link: https://www.econbiz.de/10001221707
Persistent link: https://www.econbiz.de/10001222153
Persistent link: https://www.econbiz.de/10011440905
We study an adverse selection problem in which information that is imperfectly correlated with the agent's type becomes public ex post. Unbounded penalties are ruled out by assuming that the agent is wealth constrained. The following conclusions emerge. If the agent's utility is increasing in...
Persistent link: https://www.econbiz.de/10011538996