The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...

This paper provides a complete characterization of equilibria in a game-theoretic version of Rothschild and Stiglitz's (1976) model of competitive insurance. I allow for stochastic contract offers by insurance firms and show that a unique symmetric equilibrium always exists. Exact conditions...

This is a study of the incentive of firms to disclose private information about their costs to competitors (when firms compete by setting quantitites). This paper expands on previous contributions by analyzing a model in which firms decide whether to disclose their cost information to their...