Contract withdrawals and equilibrium in competitive markets with adverse selection
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DOI: 10.1007/s00199-018-1101-4
Abstract: In competitive common value adverse selection markets, existence of a pure strategy equilibrium is often justified by appealing to Wilson’s (J Econ Theory 16(2):167–207, 1977) concept of ‘anticipatory equilibrium.’ The anticipatory equilibrium is based on… read more here.
Keywords: anticipatory equilibrium; contract; contract withdrawals; adverse selection ... See more keywords