Showing 1 - 10 of 49
We study the use of money for sharing consumption risk. In our model, agents randomly receive endowments at some points in time and produce at other points. Due to information frictions, agents cannot use intertemporal contracts to share risk. The use of money allows agents to overcome these...
Persistent link: https://www.econbiz.de/10005530539
Persistent link: https://www.econbiz.de/10005270076
Persistent link: https://www.econbiz.de/10012093802
Persistent link: https://www.econbiz.de/10012408825
Persistent link: https://www.econbiz.de/10013270135
Persistent link: https://www.econbiz.de/10012242596
Persistent link: https://www.econbiz.de/10011625508
Persistent link: https://www.econbiz.de/10011701061
Persistent link: https://www.econbiz.de/10012108802
Persistent link: https://www.econbiz.de/10011522751