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- W1507978204 abstract "In this paper, we examine second-best efficient allocations of risk when some forms of incompleteness are introduced in risk- sharing contracts. In the first model, there are two independent sources of risk, but risk-sharing contracts can be made contingent to only one of the two sources. We examine the condition under which those who bear the non-transferable risk should bear relatively less of the transferable risk in the economy. Decreasing absolute prudence, i.e. -u'''/u'')'" @default.
- W1507978204 created "2016-06-24" @default.
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- W1507978204 date "1994-05-01" @default.
- W1507978204 modified "2023-09-27" @default.
- W1507978204 title "Dynamic Risk Taking With Indivisible Risks" @default.
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