Monopoly, Non-linear Pricing, and Imperfect Information: A Reconsideration of the Insurance Market
نویسنده
چکیده
I reconsider Stiglitzs (1977) problem of monopolistic insurance with a continuum of types. Using a suitable transformation of control variables I obtain an analytical characterization of the optimal insurance policies. Closed form solutions and comparative statics results for special cases are provided. JEL: D42, D82
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