Uninsured idiosyncratic production risk with borrowing constraints

DOI10.1016/j.jedc.2005.06.012zbMath1162.91450MaRDI QIDQ959667

Francisco Covas

Publication date: 12 December 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-26.pdf

zbMATH Keywords

incomplete markets; precautionary saving; borrowing constraints; entrepreneurial investment; aggregate savings

Mathematics Subject Classification ID

91B38: Production theory, theory of the firm

91B64: Macroeconomic theory (monetary models, models of taxation)

91B50: General equilibrium theory

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Cites Work

• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• Endogenous market incompleteness with investment risks
• The permanent income hypothesis: A theoretical formulation
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• INCOME AND WEALTH HETEROGENEITY, PORTFOLIO CHOICE, AND EQUILIBRIUM ASSET RETURNS
• A Quantitative Theory of Unsecured Consumer Credit with Risk of Default