Uninsured idiosyncratic production risk with borrowing constraints

DOI10.1016/J.JEDC.2005.06.012zbMath1162.91450OpenAlexW3125528649MaRDI QIDQ959667

Francisco Covas

Publication date: 12 December 2008

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

Full work available at URL: https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-26.pdf

zbMATH Keywords

incomplete marketsprecautionary savingborrowing constraintsentrepreneurial investmentaggregate savings

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Macroeconomic theory (monetary models, models of taxation) (91B64) General equilibrium theory (91B50)

Related Items (3)

Returns-to-scale and the equity premium puzzle ⋮ Self-insurance vs. self-financing: a welfare analysis of the persistence of shocks ⋮ Financial integration, entrepreneurial risk and global dynamics

Cites Work

• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• Endogenous market incompleteness with investment risks
• The permanent income hypothesis: A theoretical formulation
• Quadrature-Based Methods for Obtaining Approximate Solutions to Nonlinear Asset Pricing Models
• SOLVING DYNAMIC MODELS WITH AGGREGATE SHOCKS AND HETEROGENEOUS AGENTS
• INCOME AND WEALTH HETEROGENEITY, PORTFOLIO CHOICE, AND EQUILIBRIUM ASSET RETURNS
• A Quantitative Theory of Unsecured Consumer Credit with Risk of Default

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