General equilibrium in economies with adverse selection

DOI10.1007/s00199-007-0286-8zbMath1151.91068OpenAlexW1984708279MaRDI QIDQ943348

Aldo Rustichini, Paolo Siconolfi

Publication date: 9 September 2008

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-007-0286-8

zbMATH Keywords

asymmetric informationgeneral equilibriumcompetitive equilibriumadverse selectionexchange economylotteriesLindahl equilibriumRothschild-Stiglitz equilibrium

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Microeconomic theory (price theory and economic markets) (91B24) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (8)

Private information, transferable utility, and the core ⋮ Insurance contracts and financial markets ⋮ General equilibrium in markets for lemons ⋮ Irrelevance of private information in two-period economies with more goods than states of nature ⋮ A GAME THEORETIC FOUNDATION OF COMPETITIVE EQUILIBRIA WITH ADVERSE SELECTION ⋮ (Neutrally) optimal mechanism under adverse selection: the canonical insurance problem ⋮ INCENTIVE EFFICIENT PRICE SYSTEMS IN LARGE INSURANCE ECONOMIES WITH ADVERSE SELECTION ⋮ Two-period economies with price-contingent deliveries

Cites Work

• Unnamed Item
• Competitive equilibria with asymmetric information
• Lotteries, sunspots, and incentive constraints
• Equilibria and Pareto optimal of markets with adverse selection
• Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard
• General Competitive Analysis in an Economy with Private Information
• A Walrasian Theory of Markets with Adverse Selection
• Competitive Pooling: Rothschild-Stiglitz Reconsidered
• Markets for an Exchange Economy with Individual Risks
• Individual Risk and Mutual Insurance

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