Showing 1 - 10 of 13
Persistent link: https://www.econbiz.de/10012300605
We prove the existence of an equilibrium in competitive markets with adverse selection in the sense of Miyazaki (1977), Wilson (1977), and Spence (1978) when the distribution of unobservable risk types is continuous. Our proof leverages the finite-type proof in Spence (1978) and a limiting...
Persistent link: https://www.econbiz.de/10011932179
Persistent link: https://www.econbiz.de/10012584761
Persistent link: https://www.econbiz.de/10015399614
Persistent link: https://www.econbiz.de/10002926840
Persistent link: https://www.econbiz.de/10009301284
Persistent link: https://www.econbiz.de/10011806663
Persistent link: https://www.econbiz.de/10011798801
Persistent link: https://www.econbiz.de/10012631620
Persistent link: https://www.econbiz.de/10012145348