NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Optimality and Equilibrium In a Competitive Insurance Market Under Adverse Selection and Moral Hazard

Joseph Stiglitz, Jungyoll Yun

NBER Working Paper No. 19317
Issued in August 2013

---- Acknowledgements -----

Financial support from the Institute for New Economic Thinking (INET) is gratefully acknowledged. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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