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This article examines adverse selection in insurance markets within a two-dimensional information framework, where policyholders differ in both their riskiness and degree of risk aversion. Using this setup, we first build a theoretical model to make equilibrium predictions on competitive...
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We study an extension of job market signaling by introducing another dimension of private information. When two dimensions of attribute are intertwined in parameterizing preferences, the single crossing property no longer holds globally. In seeking the equilibrium prediction, the intuitive...
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