Risk-sharing and crises. Global games of regime change with endogenous wealth

DOI10.1016/j.jet.2013.04.007zbMath1285.91021OpenAlexW2143045974MaRDI QIDQ2447272

Rodolfo G. Campos

Publication date: 25 April 2014

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2013.04.007

zbMATH Keywords

heterogeneous agentsrisk-aversionfinancial crisesglobal gamesrisk-sharingstrategic risk

Mathematics Subject Classification ID

Noncooperative games (91A10) Other game-theoretic models (91A40) History, political science (91F10) Heterogeneous agent models (91B69)

Related Items (2)

Risk sharing in public-private partnerships ⋮ The stability of interbank market network: a perspective on contagion and risk sharing

Cites Work

• Contagion of self-fulfilling financial crises due to diversification of investment portfolios
• Representative consumer's risk aversion and efficient risk-sharing rules
• Global Games and Equilibrium Selection
• Bank Runs, Deposit Insurance, and Liquidity
• Heterogeneity and risk sharing in village economies
• Dynamic Global Games of Regime Change: Learning, Multiplicity, and the Timing of Attacks

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