In a multi-period setting that is equivalent to the classic Rothschild-Stiglitz adverse selection situation, we prove that if insurers do not gather information on accidents over time, then the inability to commit to contract renewals is sufficient for the optimal contract sequence to be periodic re
✦ LIBER ✦
Comment on ‘Stapp's theorem without counterfactual commitment’
✍ Scribed by Henry P. Stapp
- Book ID
- 116066477
- Publisher
- Elsevier Science
- Year
- 1994
- Tongue
- English
- Weight
- 400 KB
- Volume
- 25
- Category
- Article
- ISSN
- 0039-3681
No coin nor oath required. For personal study only.
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