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Imperfect information in a quality-competitive hospital market. A comment on Gravelle and Sivey

Shelegia, Sandro (2012): Imperfect information in a quality-competitive hospital market. A comment on Gravelle and Sivey.

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Abstract

I show that the equilibrium derived in Gravelle and Sivey (2010) cannot hold for rational consumers. I then partially characterize the continuum of possible equilibria for rational consumers.

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