Rothschild–Stiglitz model of insurance markets
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:analyzes |
competitive insurance markets
|
| gptkbp:assumes |
asymmetric information
heterogeneous risk types risk-averse agents |
| gptkbp:describes |
adverse selection
|
| gptkbp:field |
economics
microeconomics insurance economics |
| https://www.w3.org/2000/01/rdf-schema#label |
Rothschild–Stiglitz model of insurance markets
|
| gptkbp:influenced |
theory of screening
|
| gptkbp:influencedBy |
gptkb:Akerlof's_market_for_lemons
|
| gptkbp:proposedBy |
gptkb:Joseph_Stiglitz
gptkb:Michael_Rothschild |
| gptkbp:publishedIn |
gptkb:Quarterly_Journal_of_Economics
1976 |
| gptkbp:relatedTo |
information economics
moral hazard principal-agent problem |
| gptkbp:shows |
market failure
non-existence of equilibrium |
| gptkbp:bfsParent |
gptkb:Michael_Rothschild
|
| gptkbp:bfsLayer |
6
|