data with a broad class of models of choice under risk and under uncertainty. Our method allows for risk loving and elation …

loans of different sizes separately. This environment yields only partial insurance. The default-based pricing of debt makes … it too costly for the borrower to achieve full insurance and there is too little trade in securities. This framework is … extended model with an infinite horizon, idiosyncratic risk and more realistic assumptions is used to demonstrate the general …

uniform. We analyze how climate risks could be reduced via an insurance scheme at the global scale across regions and quantify … Models (IAMs), which assumes no risk sharing across region, we introduce global risk sharing via a market for state … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global …

-employed are not eligible to unemployment insurance, I analyze the provision of benefits targeted at these risks using a calibrated …. This exercise suggests that extending the current US unemployment insurance scheme to the self-employed comes with a clear …