Narrow search
Showing 1 - 10 of 11,924
Cover Image
Negative externalities and equilibrium existence in competitive markets with adverse selection
Siemens, Ferdinand von; Kosfeld, Michael - 2009
on existing theories of competition in markets with adverse selection. -- Asymmetric information ; competition ; adverse …
Persistent link: https://www.econbiz.de/10003831629
Cover Image
Competitive Insurance Markets and Adverse Selection in the Lab
Riahi, Dorra - 2010
We provide an experimental analysis of competitive insurance markets with adverse selection. Our parameterized version of the lemons' model (Akerlof 1970) in the insurance context predicts total crowding out of low-risks when insurers offer a single full insurance contract. The therapy proposed...
Persistent link: https://www.econbiz.de/10013137823
Cover Image
Competition and Price Transparency in the Market for Lemons : Experimental Evidence
Bochet, Olivier - 2020
design an experiment to examine the impact of competition and price transparency in such settings. Consistent with the … theoretical predictions, we find that competition promotes efficiency if bargainers cannot observe each other's price offers …. Contrary to the predictions, however, the efficiency-enhancing effect of competition persists even when offers are observable …
Persistent link: https://www.econbiz.de/10012854487
Cover Image
Non-Exclusive Competition in the Market for Lemons
Attar, Andrea; Mariotti, Thomas; Salanié, François - 2009
We consider an exchange economy in which a seller can trade an endowment of a divisible good whose quality she privately knows. Buyers compete in menus of non-exclusive contracts, so that the seller may choose to trade with several buyers. In this context, we show that an equilibrium always...
Persistent link: https://www.econbiz.de/10014199733
Cover Image
Interjurisdictional competition with adverse selection
Hernández-Murillo, Rubén - In: Journal of public economics 173 (2019), pp. 85-95
Persistent link: https://www.econbiz.de/10012160517
Cover Image
A note on uniqueness in game-theoretic foundations of the reactive equilibrium
Mimra, Wanda; Wambach, Achim - 2014
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
Cover Image
Heterogeneous noisy beliefs and dynamic competition in financial markets
Boco, Hervé; Germain, Laurent; Rousseau, Fabrice - 2016
Persistent link: https://www.econbiz.de/10011553079
Cover Image
Optimal wage redistribution in the presence of adverse selection in the labor market
Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2015
In this paper we allude to a novel role played by the non-linear income tax system in the presence of adverse selection in the labor market due to asymmetric information between workers and firms. We show that an appropriate choice of the tax schedule enables the government to affect the wage...
Persistent link: https://www.econbiz.de/10011289068
Cover Image
Monopolistic insurance and the value of information
Snow, Arthur - In: Risks : open access journal 3 (2015) 3, pp. 277-289
The value of information regarding risk class for a monopoly insurer and its customers is examined in both symmetric and asymmetric information environments. A monopolist always prefers contracting with uninformed customers as this maximizes the rent extracted under symmetric information while...
Persistent link: https://www.econbiz.de/10011300312
Cover Image
Quality ambiguity and the market mechanism for credence goods
Benner, Dietrich (contributor) - 2004
post -. Trust has to replace own examination and verification. Applying Choquet-Expected Utility theory, a general model of …
Persistent link: https://www.econbiz.de/10011342061