entry. -- casymmetric information ; competitive insurance market ; contract withdrawal …We extend the seminal Rothschild and Stiglitz (1976) model on competitive insurance markets with asymmetric information … can be withdrawn after observation of competitors' contract offers. We show that an equilibrium always exists where …

Most insurance companies publish few data on the occurrence and detection of insurance fraud. This stands in contrast … uncertainty about fraud detection can be an effective strategy to deter ambiguity-averse agents from reporting false insurance …

This paper studies the set of Pareto optimal insurance contracts and the core of an insurance game. Our setting allows … shape of the indemnities. Closed-form and numerical solutions are found for various preferences that the insurance players … might have. Determining associated premiums with any given optimal Pareto contract is another problem for which economic …