The first essay examines the outcome in a competitive private pension market characterised by adverse selection. In addition to using the private pension market, the consumers can save in a bequeathable asset. Assuming two types of agents and using the Coalition Proof Equilibrium with Private Information we show that the outcome in the private pension market may be separating or pooling.
Essays in Monetary Policy and Banking by Babak Mahmoudi A thesis submitted to the Department of Economics. I show that a unique separating equilibrium exists. Society Annual Conference, and the Midwest Economics Association Annual Meet-ing.
Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information Michael Rothschild; Joseph Stiglitz The Quarterly Journal of Economics, Vol. 90, No. 4.
THREE ESSAYS ON AGRICULTURAL CONTRACTING: INCORPORATING MARKET EQUILIBRIUM AND DYNAMICS INTO PRINCIPAL-AGENT MODELS A Thesis in Agricultural, Environmental, and Regional Economics by Yanguo Wang 2004 Yanguo Wang Submitted in Partial Fulfillment of the Requirements for the Degree of. FIGURE 3.3 A FIRST-PERIOD SEPARATING EQUILIBRIUM.
Essays on the Teachers' Labor Market The Harvard community has made this article openly available.. The Department of Economics in partial fulfillment of the requirements for the degree of. a pooling equilibrium and a separating equilibrium.
General Equilibrium Theory (International Library of Critical Writings in Economics) Vol 1 Gerard Debreu This three-volume work provides a collection of essays on general equilibrium theory, illustrating its role as one of the major theoretical developments in economics since 1945.
Essays in labour and behavioural economics. By Benjamin M. (Benjamin Mark). Job changing frictions can cause a semi-separating equilibrium where the more productive workers have their type revealed whilst the least productive workers receive a pooling payoff.
Department of Economics. ESSAYS ON INFORMATION ASYMMETRY IN THE U.S. RESIDENTIAL MORTGAGE MARKET: INCENTIVES AND ESTIMATIONS By Menglin Cao Dissertation submitted to the Faculty of the Graduate School of the. as well as conditions for a separating equilibrium to exist.