Implications of Efficient Risk Sharing without Commitment
- 1 October 1996
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 63 (4) , 595-609
- https://doi.org/10.2307/2297795
Abstract
Consumption data generally indicates that consumption risk is not perfectly diversified across individuals. This paper considers if and when imperfecKeywords
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