We incorporate a search-theoretic model of imperfect competition into an otherwise standard model of asymmetric … imperfect competition. On the positive side, we show how the structure of equilibrium contracts — and, hence, the relationship … requires controlling for the market structure. On the normative side, we show that increasing competition and reducing …

We incorporate a search-theoretic model of imperfect competition into a standard model of asymmetric information with … adverse selection, screening, and imperfect competition. We show that the relationship between an agent's type, the quantity … that increasing competition and reducing informational asymmetries can decrease welfare …