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Competitive risk sharing contracts with one-sided commitment

Krueger, Dirk; Uhlig, Harald - 2003

Persistent link: https://www.econbiz.de/10001852688

Evaluation asset pricing models with limited commitment using household consumption data

Krueger, Dirk (contributor); Lustig, Hanno (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003376995

Competitive risk sharing contracts with one-sided commitment

Krueger, Dirk; Uhlig, Harald - In: Journal of monetary economics 53 (2006) 7, pp. 1661-1691

Persistent link: https://www.econbiz.de/10003381922

Competitive risk sharing contracts with one-sided commitment

Krueger, Dirk (contributor); Uhlig, Harald (contributor) - 2005

Persistent link: https://www.econbiz.de/10003350788

Evaluating asset pricing models with limited commitment using household consumption data

Krueger, Dirk; Lustig, Hanno; Perri, Fabrizio - In: Journal of the European Economic Association 6 (2008) 2/3, pp. 715-726

Persistent link: https://www.econbiz.de/10003725672

Evaluating asset pricing models with limited commitment using household consumption data

Krueger, Dirk; Lustig, Hanno; Perri, Fabrizio - 2007

"We evaluate the asset pricing implications of a class of models in which risk sharing is imperfect because of limited enforcement of intertemporal contracts. Lustig (2004) has shown that in such a model the asset pricing kernel can be written as a simple function of the aggregate consumption...

Persistent link: https://www.econbiz.de/10003653413

Competitive risk sharing contracts with one-sided commitment

Uhlig, Harald (contributor); Krueger, Dirk (contributor) - 2005

given period, after having observed her income, the agent can walk away from the contract, while the intermediary cannot, i … can be provided because in an equilibrium contract an up-front payment effectively locks in the agent with an intermediary …. We then show that our contract economy is equivalent to a consumption-savings economy with one-period Arrow securities …

Persistent link: https://www.econbiz.de/10003035794

Evaluating Asset Pricing Models with Limited Commitment using Household Consumption Data

Krueger, Dirk - 2007

We evaluate the asset pricing implications of a class of models in which risk sharing is imperfect because of limited enforcement of intertemporal contracts. Lustig (2004) has shown that in such a model the asset pricing kernel can be written as a simple function of the aggregate consumption...

Persistent link: https://www.econbiz.de/10012464989

Competitive Risk Sharing Contracts with One-Sided Commitment

Krueger, Dirk - 2003

given period, after having observed her income, the agent can walk away from the contract, while the intermediary cannot, i … intermediaries. Insurance can be provided because in an equilibrium contract an up-front payment effectively locks in the agent with … an intermediary. We then show that our contract economy is equivalent to a consumption-savings economy with one …

Persistent link: https://www.econbiz.de/10012468559

Evaluating Asset Pricing Models with Limited Commitment Using Household Consumption Data

Krueger, Dirk - 2007

Persistent link: https://www.econbiz.de/10012775482