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Efficient Nash Equilibrium under Adverse Selection

Diasakos, Theodoros M; Koufopoulos, Kostas - Scottish Institute for Research in Economics (SIRE) - 2013

This paper revisits the problem of adverse selection in the insurance market of Rothschild and Stiglitz [28]. We propose a simple extension of the game-theoretic structure in Hellwig [14] under which Nash-type strategic interaction between the informed customers and the uninformed firms results...

Persistent link: https://www.econbiz.de/10010877109

Efficient Nash Equilibrium under Adverse Selection

Diasakos, Theodoros M.; Koufopoulos, Kostas - School of Economics and Finance, University of St. Andrews

This paper revisits the problem of adverse selection in the insurance market of Rothschild and Stiglitz (QJE, 1976). We propose a simple extension of the game-theoretic structure in Hellwig (EER, 1987) under which Nash-type strategic interaction between the informed customers and the uninformed...

Persistent link: https://www.econbiz.de/10010904139

An Evolutionary Analysis of Insurance Markets Under Adverse Selection.

Ania, A.B.; Troger, T.; Wambach, A. - Olin School of Business, Washington University in St. Louis - 1998

Since the seminal work by Rothschild and Stiglitz on competitive insurance markets under adverse selection the problem of non-existence of equilibrium hat puzzled many economists. In this paper we approach this problem from an evolutionary point of view. In a dynamic model insurance companies...

Persistent link: https://www.econbiz.de/10005646685

What Should Macroeconomists Know About Health Care Policy?

Heller, Peter S. - International Monetary Fund (IMF) - 2007

This primer aims to provide IMF macroeconomists with the essential information they need to address issues concerning health sector policy, particularly when they have significant macroeconomic implications. Such issues can also affect equity and growth and are fundamental to any strategy of...

Persistent link: https://www.econbiz.de/10005599256

What Should Macroeconomists Know About Health Care Policy: A Primer

Hsiao, William C. - International Monetary Fund (IMF) - 2000

This primer aims to provide IMF macroeconomists with the essential information they need in situations where they must address issues concerning health sector policy and when they have significant macroeconomic implications. Such issues can also affect equity and growth and are fundamental to...

Persistent link: https://www.econbiz.de/10005825737

Is Asia Prepared for An Aging Population?

Heller, Peter S. - International Monetary Fund (IMF) - 2006

Many Asian countries (such as China, Singapore, Korea, Thailand, Malaysia, Indonesia, India, and the Philippines) will experience a significant aging of their populations during the next several decades. This paper explores how these aging Asian countries are addressing and anticipating the...

Persistent link: https://www.econbiz.de/10005248253

Efficient Nash Equilibrium under Adverse Selection

Diasakos, Theodoros M.; Koufopoulos, Kostas - Collegio Carlo Alberto, Università degli Studi di Torino - 2011

This paper revisits the problem of adverse selection in the insurance market of Rothschild and Stiglitz (1976). We propose a simple extension of the game-theoretic structure in Hellwig (1987) under which Nash-type strategic interaction between the informed customers and the uninformed firms...

Persistent link: https://www.econbiz.de/10009251221

ГОСУДАРСТВЕННОЕ РЕГУЛИРОВАНИЕ VERSUS КОНКУРЕНЦИЯ НА СТРАХОВОМ РЫНКЕ

НАСЫРОВА Г. А. - In: Проблемы современной экономики (2013) 3, pp. 111-116

В статье рассматриваются вопросы взаимодействия государственного регулирования и конкуренции как формы рыночного регулирования. На страховом рынке в...

Persistent link: https://www.econbiz.de/10011231910

Negative Externalities and Equilibrium Existence in Competitive Markets with Adverse Selection

von Siemens, Ferdinand; Kosfeld, Michael - Institute for the Study of Labor (IZA) - 2009

on existing theories of competition in markets with adverse selection. …

Persistent link: https://www.econbiz.de/10004976877

Bonus Culture: Competitive Pay, Screening, and Multitasking

Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2013

This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … perfect competition, the resulting efficiency loss can be larger than that imposed by a single firm or principal, who distorts …

Persistent link: https://www.econbiz.de/10011083769