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

DOI10.1016/J.JET.2011.01.003MaRDI QIDQ548235zbMATH OpenOpenAlexFDO

Authors Francisco J. Buera, Yongseok Shin

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

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)

Recommendations

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Cites work

• scientific article; zbMATH DE number 4051296 (Why is no real title available?)
• Does Market Incompleteness Matter?
• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• 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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