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Persistent link: https://www.econbiz.de/10005566231
Persistent link: https://www.econbiz.de/10005566232
Persistent link: https://www.econbiz.de/10005566233
We consider a random matching model without monetary exchange where agents have complete access to each others' histories. Exchange is motivated by risk sharing given random unobservable incomes. The key feature of this environment is that information is mobile across locations even while goods...
Persistent link: https://www.econbiz.de/10005566234
We construct a model with private information in which consumers write dynamic contracts with financial intermediaries. A role for money arises due to random limited participation of consumers in the financial market. Without defection constraints, a Friedman rule is optimal, the mean and...
Persistent link: https://www.econbiz.de/10005566235
Persistent link: https://www.econbiz.de/10005566236
Persistent link: https://www.econbiz.de/10005566237
Persistent link: https://www.econbiz.de/10005566238
Analysis of randomized experiments with missing covariate and outcome data is problematic because the population parameters of interest are not identified unless one makes untestable assumptions about the distribution of the missing data. This paper shows how population parameters can be bounded...
Persistent link: https://www.econbiz.de/10005566239