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and commodities. By reinterpreting the variables, our model encompasses a broad range of adverse selection and signalling … 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
We build a model of competitive pooling, which incorporates adverse selection and signalling into general equilibrium …
Persistent link: https://www.econbiz.de/10014121720
and commodities. By reinterpreting the variables, our model encompasses a broad range of adverse selection and signalling … 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
and commodities. By reinterpreting the variables, our model encompasses a broad range of adverse selection and signalling … 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/10014074211
Persistent link: https://www.econbiz.de/10003753495
Persistent link: https://www.econbiz.de/10003379048
Persistent link: https://www.econbiz.de/10003709103
Persistent link: https://www.econbiz.de/10001734616
Discontinuous games, such as auctions, may require special tie-breaking rules to guarantee equilibrium existence. The best results available ensure equilibrium existence only in mixed strategy with endogenously defined tie-breaking rules and communication of private information. We show that an...
Persistent link: https://www.econbiz.de/10013075634
Persistent link: https://www.econbiz.de/10003807167