A simple model of incomplete insurance The case of permanent shocks

DOI10.1016/S0165-1889(97)00077-8zbMath0899.90037MaRDI QIDQ1129279

Makoto Saito

Publication date: 13 August 1998

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

zbMATH Keywords

endogeneous growth modelincomplete insuranceno-trading equilibrium

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (6)

Safe asset shortages and asset price bubbles ⋮ Asset bubbles, entrepreneurial risks, and economic growth ⋮ Incomplete market dynamics and cross-sectional distributions ⋮ Asset returns in an endogenous growth model with incomplete markets ⋮ WELFARE GAINS FROM STABILIZATION IN A STOCHASTICALLY GROWING ECONOMY WITH IDIOSYNCRATIC SHOCKS AND FLEXIBLE LABOR SUPPLY ⋮ The equity premium in Brock's asset pricing model

Cites Work

• Unnamed Item
• Optimum consumption and portfolio rules in a continuous-time model
• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• Equilibrium asset prices with undiversifiable labor income risk

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