Idiosyncratic risk and financial policy

DOI10.1016/J.JET.2011.03.012zbMATH Open1247.91106OpenAlexW1995935112MaRDI QIDQ634526FDOQ634526

Authors: 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

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zbMATH Keywords

constrained suboptimalityuninsurable idiosyncratic risks

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (12)

• IDIOSYNCRATIC AND AGGREGATE RISKS, INEQUALITY AND GROWTH
• Taxing capital is a good idea: the role of idiosyncratic risk in an OLG model
• Production, bankruptcy, and financial policies under collateral constraints
• Uninsured idiosyncratic production risk with borrowing constraints
• IDIOSYNCRATIC SHOCKS AND ASSET RETURNS IN THE REAL-BUSINESS-CYCLE MODEL: AN APPROXIMATE ANALYTICAL APPROACH
• Idiosyncratic risk and the equity premium
• Asset pricing with endogenously uninsurable tail risk
• Risk externalities: when financial imperfections are not the problem, but part of the solution
• Is idiosyncratic risk conditionally priced?
• Segmentation and beliefs: a theory of self-fulfilling idiosyncratic risk
• Idiosyncratic Risk, Borrowing Constraints and Asset Prices
• Debt and welfare in economies with land

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