Trust in risk sharing: a double-edged sword
We analyse efficient risk-sharing arrangements when the value from deviating is determined endogenously by another risk-sharing arrangement. Coalitions form to insure against idiosyncratic income risk. Self-enforcing contracts for both the original coalition and any coalition formed (joined) after d...
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| Veröffentlicht in: | The Review of economic studies 2024-05, Vol.91 (3), p.1448-1497 |
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| Format: | Artikel |
| Sprache: | eng |
| Online-Zugang: | Volltext |
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