Lund, Diderik; Nilssen, Tore - In: The Geneva Papers on Risk and Insurance Theory 29 (2004) 1, pp. 23-41
We discuss the existence of a pooling equilibrium in a two-period model of an insurance market with asymmetric information. We solve the model numerically. We pay particular attention to the reasons for non-existence in cases where no pooling equilibrium exists. In addition to the phenomenon of...