and commodities. By reinterpreting the variables, our model encompasses a broad range of adverse selection and signalling … equilibrium always exists in our model, and that default, in conjunction with refinement, opens the door to a theory of endogenous …

and commodities. By reinterpreting the variables, our model encompasses a broad range of adverse selection and signalling … equilibrium always exists in our model, and that default, in conjunction with refinement, opens the door to a theory of endogenous …

subsequently materialize. Introducing default and limited collateral into general equilibrium theory (GE) allows for a theory of …

the variables, our model encompasses a broad range of moral hazard, adverse selection, and signalling phenomena (including … theory. Despite earlier claims about the nonexistence of equilibrium with adverse selection, we show that equilibrium always … for better risk spreading. We also show that default opens the door to a theory of endogenous assets. …

and commodities. By reinterpreting the variables, our model encompasses a broad range of adverse selection and signalling … equilibrium always exists in our model, and that default, in conjunction with refinement, opens the door to a theory of endogenous …

We build a model of competitive pooling, which incorporates adverse selection and signalling into general equilibrium …

subsequently materialize. Introducing default and limited collateral into general equilibrium theory (GE) allows for a theory of …

Introducing default and limited collateral into general equilibrium theory (GE) allows for a theory of endogenous …