We prove the existence of an equilibrium in competitive markets with adverse selection in the sense of Miyazaki (1977 …

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

the annuity market. First, we examine the pooling equilibrium for individual-life annuities and show that in the presence … equilibrium may exist. These results are obtained in a framework where couples are mandated to buy joint-life annuities and only …- and joint-life annuities, we find that in equilibrium couples with long-lived partners buy individual-life annuities …

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

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

We prove the existence of an equilibrium in competitive markets with adverse selection in the sense of Miyazaki (1977 …

We compare the Nash bargaining solution in a reinsurance syndicate to the competitive equilibrium allocation, focusing …, in certain cases. This may be good news for the Nash solution, or for the equilibrium allocation, all depending upon one …’s point of view. <p> Our model also allows us to readily identify some properties of the equilibrium allocation not be shared …

the annuity market. First, we examine the pooling equilibrium for individual-life annuities and show that in the presence … a separating equilibrium may exist. These results are obtained in a framework where couples are mandated to buy joint … between individual- and joint-life annuities, we find that in equilibrium couples with long-lived partners buy individual …

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

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 …