Localized and incomplete mutual insurance
نویسندگان
چکیده
منابع مشابه
On Mutual Insurance
Owners of stochastic assets can pool their endowments to smoothen and insure individual payoffs across outcomes and time. We explore, in such a setting, how contingent shadow prices on aggregate resources can be used for three purposes: First, to design mutual contracts for risk averse agents; second, to quantify the malfunctioning of such contracts when there are risk lovers (or scale economie...
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Ce document est publié dans l'intention de rendre accessibles les résultats préliminaires de la recherche effectuée au CIRANO, afin de susciter des échanges et des suggestions. Les idées et les opinions émises sont sous l'unique responsabilité des auteurs, et ne représentent pas nécessairement les positions du CIRANO ou de ses partenaires. This paper presents preliminary research carried out at...
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ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 2002
ISSN: 0304-3878
DOI: 10.1016/s0304-3878(01)00189-4