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Characterization and uniqueness of equilibrium in competitive insurance
Luz, Vitor Farinha - 2015
Persistent link: https://www.econbiz.de/10011372838
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Nonlinear incentive provision in Walrasian markets : a Cournot convergence approach
Hellwig, Martin (contributor) - 2004
The paper studies insurance with moral hazard in a system of contingent-claims markets. Insurance buyers are modelled as Cournot monopolists or oligopolists. The other agents condition their expectations on market prices, as in models of rational-expectations equilibrium with asymmetric...
Persistent link: https://www.econbiz.de/10002526020
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Nonlinear incentive provision in Walrasian markets : a Cournot convergence approach
Hellwig, Martin - In: Journal of economic theory 120 (2005) 1, pp. 1-38
Persistent link: https://www.econbiz.de/10002572447
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Nonlinear incentive contracting in Walrasian markets : a Cournot approach
Hellwig, Martin - 2000
Persistent link: https://www.econbiz.de/10013443027
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The efficiency of competitive equilibria in insurance markets with asymmetric information
Crocker, Keith J.; Snow, Arthur - In: Journal of public economics 26 (1985) 2, pp. 207-219
Persistent link: https://www.econbiz.de/10002033164
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Default and punishment in general equilibrium
Dubey, Pradeep; Geanakoplos, John; Shubik, Martin - In: Econometrica : journal of the Econometric Society, an … 73 (2005) 1, pp. 1-37
Persistent link: https://www.econbiz.de/10002567780
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Default and punishment in general equilibrium
Dubey, Pradeep; Geanakoplos, John; Shubik, Martin - 2003 - [Rev.]
Persistent link: https://www.econbiz.de/10001845225
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Default and punishment in general equilibrium
Dubey, Pradeep; Geanakoplos, John; Shubik, Martin - 2001
Persistent link: https://www.econbiz.de/10001584189
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Default and Punishment in General Equilibrium
Dubey, Pradeep K.; Geanakoplos, John; Shubik, Martin - 2003
refined equilibrium always exists in our model, and that default, in conjunction with refinement, opens the door to a theory …
Persistent link: https://www.econbiz.de/10014128751
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Default and Punishment in General Equilibrium
Dubey, Pradeep K.; Geanakoplos, John; Shubik, Martin - 2004
equilibrium always exists in our model, and that default, in conjunction with refinement, opens the door to a theory of endogenous …
Persistent link: https://www.econbiz.de/10014070241