Balli, Faruk; Balli, Hatice O. - Volkswirtschaftliche Fakultät, … - 2010
, under full risk sharing overall welfare gains across all PICs (particularly, Kiribati, Palau, and Papua New Guinea) are at … desirable levels. However, for Australia, the potential welfare gain from risk sharing is almost similar to the gain it obtains … if Australia attains full risk sharing with the rest of the OECD countries or with New Zealand alone. We also break down …