Nash equilibrium in competitive insurance

被引：9
作者：
Dosis, Anastasios [1 ,2 ]
机构：
[1] ESSEC Business Sch, Dept Econ, 3 Ave Bernard Hirsch, F-95021 Cergy Pontoise, France
[2] THEMA, 3 Ave Bernard Hirsch, F-95021 Cergy Pontoise, France
来源：
ECONOMICS LETTERS | 2017年 / 152卷
关键词：
Insurance; Adverse selection; Duopoly; Contracts; Nash equilibrium; DISCONTINUOUS ECONOMIC GAMES; ADVERSE SELECTION; MARKETS; INFORMATION; EXISTENCE;
D O I：
10.1016/j.econlet.2016.12.030
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
I formalize a rather stylized insurance market with adverse selection as a standard duopoly. I formally specify demand functions and profits and prove that a Nash equilibrium in pure strategies exists if and only if the well-known Rothschild-Stiglitz allocation is efficient. (C) 2016 Elsevier B.V. All rights reserved.
引用
收藏
页码：5 / 8
页数：4
相关论文
共 50 条
  • [41] A Characterization of Nash Equilibrium for the Games with Random Payoffs
    Singh, Vikas Vikram
    Lisser, Abdel
    JOURNAL OF OPTIMIZATION THEORY AND APPLICATIONS, 2018, 178 (03) : 998 - 1013
  • [42] Probably Approximately Correct Nash Equilibrium Learning
    Fele, Filiberto
    Margellos, Kostas
    IEEE TRANSACTIONS ON AUTOMATIC CONTROL, 2021, 66 (09) : 4238 - 4245
  • [43] Unravelling vs Unravelling: A Memo on Competitive Equilibriums and Trade in Insurance Markets
    Nathaniel Hendren
    The Geneva Risk and Insurance Review, 2014, 39 : 176 - 183
  • [44] Participating Insurance Contracts and the Rothschild-Stiglitz Equilibrium Puzzle
    Pierre Picard
    The Geneva Risk and Insurance Review, 2014, 39 : 153 - 175
  • [45] Evidence equilibrium: Nash equilibrium in judgment processes
    Lin, Yong
    Xu, Jiaqing
    Makedon, Fillia
    JOURNAL OF INTELLIGENT & FUZZY SYSTEMS, 2014, 27 (03) : 1533 - 1543
  • [46] Competitive pricing for spectrum sharing in cognitive radio networks: Dynamic game, inefficiency of Nash equilibrium, and collusion
    Niyato, Dusit
    Hossain, Ekram
    IEEE JOURNAL ON SELECTED AREAS IN COMMUNICATIONS, 2008, 26 (01) : 192 - 202
  • [47] On the Existence and Computation of Nash Equilibrium in Network Competitive Location Under Delivered Pricing and Price Sensitive Demand
    Blas Pelegrín
    Pascual Fernández
    María Dolores García
    Networks and Spatial Economics, 2023, 23 : 825 - 843
  • [48] On the Existence and Computation of Nash Equilibrium in Network Competitive Location Under Delivered Pricing and Price Sensitive Demand
    Pelegrin, Blas
    Fernandez, Pascual
    Garcia, Maria Dolores
    NETWORKS & SPATIAL ECONOMICS, 2023, 23 (04) : 825 - 843
  • [49] Competitive Markets without Commitment
    Netzer, Nick
    Scheuer, Florian
    JOURNAL OF POLITICAL ECONOMY, 2010, 118 (06) : 1079 - 1109
  • [50] On Nash-Stackelberg-Nash games under decision-dependent uncertainties: Model and equilibrium
    Zhang, Yunfan
    Liu, Feng
    Wang, Zhaojian
    Chen, Yue
    Feng, Shuanglei
    Wu, Qiuwei
    Hou, Yunhe
    AUTOMATICA, 2022, 142
12345