{"id":"https://openalex.org/W2009978501","doi":"https://doi.org/10.1093/rfs/2.1.49","title":"Competitive Equilibrium with Type Convergence in an Asymmetrically Informed Market","display_name":"Competitive Equilibrium with Type Convergence in an Asymmetrically Informed Market","publication_year":1989,"publication_date":"1989-01-01","ids":{"openalex":"https://openalex.org/W2009978501","doi":"https://doi.org/10.1093/rfs/2.1.49","mag":"2009978501"},"language":"en","primary_location":{"id":"doi:10.1093/rfs/2.1.49","doi":"https://doi.org/10.1093/rfs/2.1.49","is_oa":false,"landing_page_url":"https://doi.org/10.1093/rfs/2.1.49","pdf_url":null,"source":{"id":"https://openalex.org/S170137484","display_name":"Review of Financial Studies","issn_l":"0893-9454","issn":["0893-9454","1465-7368"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Financial Studies","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5066524349","display_name":"Anjan V. Thakor","orcid":"https://orcid.org/0000-0002-3919-6456","observed_orcids":["https://orcid.org/0000-0002-3919-6456"]},"institutions":[{"id":"https://openalex.org/I592451","display_name":"Indiana University","ror":"https://ror.org/01kg8sb98","country_code":"US","type":"education","lineage":["https://openalex.org/I592451"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Anjan V. Thakor","raw_affiliation_strings":["Indiana University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Indiana University","institution_ids":["https://openalex.org/I592451"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5066524349"],"corresponding_institution_ids":["https://openalex.org/I592451"],"apc_list":{"value":4028,"currency":"USD","value_usd":4028},"apc_paid":null,"fwci":2.9455,"has_fulltext":false,"cited_by_count":24,"citation_normalized_percentile":{"value":0.90415561,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":93},"biblio":{"volume":"2","issue":"1","first_page":"49","last_page":"71"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11031","display_name":"Game Theory and Applications","score":0.8378999829292297,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11031","display_name":"Game Theory and Applications","score":0.8378999829292297,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0934000015258789,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.017400000244379044,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/competitive-equilibrium","display_name":"competitive equilibrium","score":0.8009999990463257},{"id":"https://openalex.org/keywords/information-asymmetry","display_name":"information asymmetry","score":0.9919999837875366},{"id":"https://openalex.org/keywords/self-selection","display_name":"self-selection","score":0.8889999985694885},{"id":"https://openalex.org/keywords/contract-choice","display_name":"contract selection","score":0.6349999904632568},{"id":"https://openalex.org/keywords/nash-equilibrium","display_name":"Nash equilibrium","score":0.6859999895095825},{"id":"https://openalex.org/keywords/options","display_name":"options","score":0.5109999775886536},{"id":"https://openalex.org/keywords/variable-rate-loans","display_name":"variable-rate loans","score":0.8899999856948853},{"id":"https://openalex.org/keywords/loan-commitments","display_name":"loan commitments","score":0.8539999723434448},{"id":"https://openalex.org/keywords/life-insurance","display_name":"life insurance","score":0.7210000157356262}],"concepts":[{"id":"https://openalex.org/C2778489119","wikidata":"https://www.wikidata.org/wiki/Q1962297","display_name":"Reprint","level":2,"score":0.6820937395095825},{"id":"https://openalex.org/C2777303404","wikidata":"https://www.wikidata.org/wiki/Q759757","display_name":"Convergence (economics)","level":2,"score":0.671658992767334},{"id":"https://openalex.org/C2777299769","wikidata":"https://www.wikidata.org/wiki/Q3707858","display_name":"Type (biology)","level":2,"score":0.4161069393157959},{"id":"https://openalex.org/C161191863","wikidata":"https://www.wikidata.org/wiki/Q199655","display_name":"Library science","level":1,"score":0.3902609348297119},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3856618404388428},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.35000038146972656},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.2429368495941162},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.10225188732147217},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C1276947","wikidata":"https://www.wikidata.org/wiki/Q333","display_name":"Astronomy","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1093/rfs/2.1.49","doi":"https://doi.org/10.1093/rfs/2.1.49","is_oa":false,"landing_page_url":"https://doi.org/10.1093/rfs/2.1.49","pdf_url":null,"source":{"id":"https://openalex.org/S170137484","display_name":"Review of Financial Studies","issn_l":"0893-9454","issn":["0893-9454","1465-7368"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Financial Studies","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":41,"referenced_works":["https://openalex.org/W1483970122","https://openalex.org/W1548462700","https://openalex.org/W1593923894","https://openalex.org/W1966415499","https://openalex.org/W1976093702","https://openalex.org/W1977632787","https://openalex.org/W1993875222","https://openalex.org/W1995473937","https://openalex.org/W2006540368","https://openalex.org/W2007863319","https://openalex.org/W2026648205","https://openalex.org/W2030200381","https://openalex.org/W2036636517","https://openalex.org/W2040232352","https://openalex.org/W2044464163","https://openalex.org/W2044776103","https://openalex.org/W2046182980","https://openalex.org/W2051742091","https://openalex.org/W2067060198","https://openalex.org/W2067183807","https://openalex.org/W2069022821","https://openalex.org/W2070702981","https://openalex.org/W2078062158","https://openalex.org/W2087335960","https://openalex.org/W2091391576","https://openalex.org/W2109183455","https://openalex.org/W2109991025","https://openalex.org/W2119040993","https://openalex.org/W2121034459","https://openalex.org/W2123334738","https://openalex.org/W2131720621","https://openalex.org/W2144196593","https://openalex.org/W2144687916","https://openalex.org/W2149687316","https://openalex.org/W2154401967","https://openalex.org/W2161668449","https://openalex.org/W2169696224","https://openalex.org/W3124992503","https://openalex.org/W4243017394","https://openalex.org/W4245156943","https://openalex.org/W7009283166"],"related_works":["https://openalex.org/W2597892948","https://openalex.org/W7097085615","https://openalex.org/W4206055991","https://openalex.org/W1995637184","https://openalex.org/W4386141230","https://openalex.org/W2169817837","https://openalex.org/W1517860724","https://openalex.org/W7096318426","https://openalex.org/W2111802889","https://openalex.org/W6884922510"],"abstract_inverted_index":{"This":[0],"article":[1],"studies":[2],"an":[3],"asymmetric":[4],"information":[5],"game":[6],"with":[7,53],"\u201ctype":[8],"convergence\u201d,":[9],"in":[10],"which,":[11],"under":[12,50],"some":[13],"realizations":[14],"of":[15,59,67],"a":[16,68],"common":[17,61],"uncertainty,":[18],"inducing":[19],"informed":[20,44],"agents":[21],"to":[22,56,64,75],"reveal":[23],"their":[24],"types":[25],"through":[26],"self-selection":[27,39],"by":[28],"contract":[29],"choice":[30],"is":[31],"either":[32],"costly":[33],"or":[34],"impossible.":[35],"Under":[36],"other":[37],"realizations,":[38],"permits":[40],"costless":[41,71],"distinctions":[42],"between":[43],"agents.":[45],"I":[46],"obtain":[47],"sufficient":[48],"conditions":[49],"which":[51],"contracting":[52,83],"options":[54],"prior":[55],"the":[57,60,65],"realization":[58],"uncertainty":[62],"leads":[63],"existence":[66],"perfectly":[69],"separating,":[70],"Nash":[72],"equilibrium.":[73],"Applications":[74],"variable":[76],"rate":[77],"loan":[78],"commitments":[79],"and":[80],"life":[81],"insurance":[82],"are":[84],"discussed.":[85]},"counts_by_year":[{"year":2021,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}