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Public Provision of Private Goods
Norman, Peter; Fang, Hanming - Society for Economic Dynamics - SED - 2004
, in spite of the. We interpret this as an efficiency rationale for public provision of private goods …
Persistent link: https://www.econbiz.de/10005027256
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Testing Efficient Risk Sharing with Heterogeneous Risk Preferences: Semi-parametric Tests with an Application to Village Economies
Mazzocco, Maurizio; Saini, Shiv - Society for Economic Dynamics - SED - 2006
. This result implies that previous tests should have rejected efficiency even if households are perfectly sharing risk. We …
Persistent link: https://www.econbiz.de/10005090742