A Game Theoretic Foundation of Competitive Equilibria with Adverse Selection
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https://www.nber.org/papers/w18471
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资源简介：
We construct a fully specified extensive form game that captures competitive markets with adverse selection. In particular, it allows firms to offer any finite set of contracts, so that cross-subsidization is not ruled out. Moreover, firms can withdraw from the market after initial contract offers
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美国国家经济研究局创建时间：
2012-10-01
