We extend the seminal Rothschild and Stiglitz (1976) model on competitive insurance markets with asymmetric information … entry. -- casymmetric information ; competitive insurance market ; contract withdrawal …

communication of purchase information or non-communication which exhibits a lemon effect (low-risk purchase no insurance …). Nonetheless, Jaynes' configuration (Jaynes; Beaudry & Poitevin) allocating both risk-types a low-coverage pooling contract and …