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Equilibrium in a Competitive Insurance Market Under Adverse Selection with Endogenous Information

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NBER2017-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23556
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This paper investigates the existence and nature of equilibrium in a competitive insurance market under adverse selection with endogenously determined information structures. Rothschild-Stiglitz (RS) characterized the self-selection equilibrium under the assumption of exclusivity, enforcement of
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2017-07-01
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