Risk allocation and financial intermediation

DOI10.1016/J.MATHSOCSCI.2022.09.004MaRDI QIDQ2108767zbMATH OpenOpenAlexFDO

Authors Arnaud Goussebaïle

Publication date 20 December 2022

Published in Mathematical Social Sciences (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1016/j.mathsocsci.2022.09.004

zbMATH Keywords

general equilibriuminsurancemarket completenessrisk allocationfinancial intermediationsecurities

Mathematics Subject Classification ID

Financial markets (91G15)

Recommendations

• Financial intermediation and the welfare theorems in incomplete markets
• Financial intermediaries and markets.
• Allocation of risks and equilibrium in markets with finitely many traders
• Aggregate risk sharing and equivalent financial mechanisms in an endowment economy of incomplete participation
• Aggregate risk sharing and equivalent financial mechanisms in an endowment economy of incomplete participation

Cites work

• scientific article; zbMATH DE number 3307201 (Why is no real title available?)
• Equilibrium in a Reinsurance Market
• Existence of an Equilibrium for a Competitive Economy
• Individual Risk and Mutual Insurance
• Markets for an Exchange Economy with Individual Risks
• Microeconomic theory

Cited in

(12)

• Financial intermediation and the welfare theorems in incomplete markets
• Pooling, pricing and trading of risks
• Aggregate risk sharing and equivalent financial mechanisms in an endowment economy of incomplete participation
• How do Financial Intermediaries Create Value in Security Issues?*
• Risk neutrality regions
• Preservation of risk in capital markets
• Risk pooling, intermediation efficiency, and the business cycle
• Speculation and Risk Sharing with New Financial Assets*
• Financial intermediaries and markets.
• Risk sharing through financial markets with endogenous enforcement of trades
• Risk externalities: when financial imperfections are not the problem, but part of the solution
• Implementing efficient allocations in a model of financial intermediation

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