Strategic Foundations for Efficient Competitive Markets with Adverse Selection ∗

@inproceedings{Dosis2013StrategicFF,
  title={Strategic Foundations for Efficient Competitive Markets with Adverse Selection ∗},
  author={Anastasios Dosis},
  year={2013}
}
  • Anastasios Dosis
  • Published 2013
I model a competitive insurance market with adverse selection as an “informedprincipal game”. The informed buyer offers a set of contracts to all uninformed sellers, who accept or reject. If all sellers reject, there is no trade. Otherwise, those sellers who accepted have the right to add contracts to the already existing offer of the buyer. The buyer… CONTINUE READING