Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10003448331
Persistent link: https://www.econbiz.de/10003669911
We extend the seminal Rothschild and Stiglitz (1976) model on competitive insurance markets with asymmetric information in the spirit of Wilson (1977)'s 'anticipatory equilibrium' by introducing an additional stage in which initial contracts can be withdrawn after observation of competitors'...
Persistent link: https://www.econbiz.de/10009011830
Riley (1979)'s reactive equilibrium concept addresses problems of equilibrium existence in competitive markets with adverse selection. The game-theoretic interpretation of the reactive equilibrium concept in Engers and Fernandez (1987) yields the Rothschild-Stiglitz (1976)/Riley (1979)...
Persistent link: https://www.econbiz.de/10010419870
Persistent link: https://www.econbiz.de/10011297049
Persistent link: https://www.econbiz.de/10002637675
Persistent link: https://www.econbiz.de/10001657408
Persistent link: https://www.econbiz.de/10001696027
Persistent link: https://www.econbiz.de/10001779853
Persistent link: https://www.econbiz.de/10001635197