Idiosyncratic risk and financial policy

DOI10.1016/J.JET.2011.03.012zbMath1247.91106OpenAlexW1995935112MaRDI QIDQ634526

Andrés Carvajal, Herakles M. Polemarchakis

Publication date: 16 August 2011

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

Full work available at URL: http://wrap.warwick.ac.uk/38600/1/WRAP_Carvajal_idi_%282%29.pdf

zbMATH Keywords

constrained suboptimalityuninsurable idiosyncratic risks

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54) Portfolio theory (91G10)

Related Items (3)

Taxing capital is a good idea: the role of idiosyncratic risk in an OLG model ⋮ Production, bankruptcy, and financial policies under collateral constraints ⋮ Debt and welfare in economies with land

Cites Work

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• The identification of preferences from equilibrium prices under uncertainty
• Constrained suboptimality in incomplete markets: A general approach and two applications
• Identification of Pareto-improving policies: Information as the real invisible hand
• The taxation of trades in assets
• Identification of Individual Demands from Market Data under Uncertainty
• The Inefficiency of the Stock Market Equilibrium
• Markets for an Exchange Economy with Individual Risks

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