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Article Dans Une Revue Revue Economique Année : 2018

Nonexclusive competition and adverse selection

Résumé

We provide in this article a survey of recent work on competition under adverse selection and nonexclusivity, that is, when an informed buyer can simultaneously trade with several sellers. We discuss the equilibrium outcomes of different trading games, depending on whether sellers can only post linear prices, limit-orders, or convex or arbitrary tariffs. We emphasize that the existence of an equilibrium is problematic and characterize the unique entry-proof tariff.
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Dates et versions

hal-02100442 , version 1 (15-04-2019)

Identifiants

  • HAL Id : hal-02100442 , version 1
  • PRODINRA : 467572
  • WOS : 000453429800006

Citer

Andrea Attar, Thomas Mariotti, Francois Salanie. Nonexclusive competition and adverse selection. Revue Economique, 2018, 69 (6), pp.1009-1023. ⟨hal-02100442⟩
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