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Competitive Screening in Insurance Markets with Endogenous Wealth Heterogeneity
Insurance Markets Adverse Selection Multidimensional Screening
2015/7/31
We examine equilibria in competitive insurance markets with adverse selection when wealth differences arise endogenously from unobservable savings or labor supply decisions. The endogeneity of wealth ...
We briefly review results on nonlinear kinetic equation of Boltzmann type which describe the evolution of wealth in a simple agents market. The mathematical structure of the underlying kinetic equatio...
Wealth distribution: To be or not to be a Gamma?
Econophysics Gamma distribution kinetic theory
2010/10/20
We review some aspects, especially those we can tackle analytically, of a minimal model of closed economy analogous to the kinetic theory model of ideal gases where the agents exchange wealth amongst ...