Self-insurance vs. self-financing: a welfare analysis of the persistence of shocks

DOI10.1016/J.JET.2011.01.003zbMATH Open1246.91047OpenAlexW2167582075MaRDI QIDQ548235FDOQ548235

Yongseok Shin, Francisco J. Buera

Publication date: 28 June 2011

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

Full work available at URL: https://doi.org/10.1016/j.jet.2011.01.003

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zbMATH Keywords

incomplete marketself-financingself-insuranceshock persistence

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Welfare economics (91B15) Heterogeneous agent models (91B69)

Cites Work

• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• Title not available (Why is that?)
• Does Market Incompleteness Matter?
• Uninsured idiosyncratic production risk with borrowing constraints

Cited In (5)

• Introduction to incompleteness and uncertainty in economics
• NO CREDIT, NO GAIN: TRADE LIBERALIZATION DYNAMICS, PRODUCTION INPUTS, AND FINANCIAL DEVELOPMENT
• Optimal consumption and savings with stochastic income and recursive utility
• Correction to: ``Self-insurance and saving under a two-argument utility framework
• Inflation, Self Insurance and the Friedman Rule in Economies with Uninsurable Idiosyncratic Risks

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