Diversification in Private Equity Funds: On Knowledge-Sharing, Risk-Aversion and Limited-Attention
نویسندگان
چکیده
منابع مشابه
Private Information, Limited Commitment, and Risk Sharing∗
We consider an exchange economy with a continuum of agents, each of whom is subject to idiosyncratic endowment shocks. We study efficient allocations subject to two constraints: limited enforcement of financial contracts, and private information about the predictable component of the future endowment process. In our economy the immiseration result, common in this literature, does not hold, and ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1710948