Aguirre Pérez, Iñaki ; Beitia Ruiz de Mendarozqueta, María Aranzazu (Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2014-12)
In this paper we propose a simple method of characterizing countervailing incentives in adverse selection problems. The key element in our characterization consists of analyzing properties of the full information
problem. ...