favourable for the long-living individuals, represent an equilibrium. …

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) allocation as an equilibrium allocation, however multiplicity of equilibrium …

We present and empirically implement an equilibrium labor market search model where risk averse workers facing medical … evaluate the equilibrium impact of the 2010 Affordable Care Act (ACA) and find that it would reduce the uninsured rate among … the roles of different components of the ACA in contributing to these equilibrium changes.Interestingly, we find that the …

We present and empirically implement an equilibrium labor market search model where risk averse workers facing medical … evaluate the equilibrium impact of the 2010 Affordable Care Act (ACA) and compare it with other health care reform proposals. We …

-dimensional utility function (wealth and health status). We prove that the type of health risk influences the equilibrium of insurance …

in a negative correlation in equilibrium between insurance coverage and ex post realization of risk. We show that if the … correlation property in equilibrium, unless there is a sufficiently high loading factor. If the insurance market is monopolistic … or imperfectly competitive, however, we show that it is possible to generate negative correlation property in equilibrium …

We present and empirically implement an equilibrium labor market search model where risk averse workers facing medical … evaluate the equilibrium impact of the 2010 Affordable Care Act (ACA) and find that it would reduce the uninsured rate among …

We present and empirically implement an equilibrium labor market search model where risk averse workers facing medical … to evaluate the equilibrium impact of the 2010 Affordable Care Act (ACA) and compare it with other health care reform …

order plays an important role in the optimality and equilibrium analysis of markets with infinitely many securities with …