Self-insurance vs. self-financing: a welfare analysis of the persistence of shocks

DOI10.1016/j.jet.2011.01.003zbMath1246.91047OpenAlexW2167582075MaRDI QIDQ548235

Yongseok Shin, Francisco J. Buera

Publication date: 28 June 2011

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2011.01.003

zbMATH Keywords

incomplete marketself-financingself-insuranceshock persistence

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Heterogeneous agent models (91B69) Welfare economics (91B15)

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Cites Work

• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• Uninsured idiosyncratic production risk with borrowing constraints
• Does Market Incompleteness Matter?
• Unnamed Item

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