A Game Theoretic Foundation of Competitive Equilibria with Adverse Selection
---- Acknowledgments ----
We are grateful to Daron Acemoglu, Carlos Alós-Ferrer, Abhijit Banerjee, Helmut Bester, Peter Diamond, Dennis Gaertner, Mike Golosov, Jon Gruber, Bard Harstad, Martin Hellwig, Wanda Mimra, Klaus Ritzberger, Casey Rothschild, Armin Schmutzler, Robert Shimer, Jean Tirole, Robert Townsend, Iván Werning, seminar participants at Berlin, Bonn, Kellogg, LSE, MIT, Princeton, UCL, UCLA, Vienna, Wharton, Wisconsin School of Business, Yale, Zurich, the 2009 North American Summer Meetings of the Econometric Society at BU and the 2010 ASSA Meetings in Atlanta for valuable suggestions. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.