Implications of Efficient Risk Sharing without Commitment
Work
Year: 1996
Type: article
Abstract: Consumption data generally indicates that consumption risk is not perfectly diversified across individuals. This paper considers if and when imperfect diversification is a feature of efficient allocat... more
Source: The Review of Economic Studies
Author Narayana Kocherlakota
Institution Federal Reserve Bank of Minneapolis
Cites: 24
Cited by: 778
Related to: 10
FWCI: 4.806
Citation percentile (by year/subfield): 98.32
Subfield: Soil Science
Domain: Life Sciences
Sustainable Development Goal Partnerships for the goals
Open Access status: green