Stoltenberg, Christian; Singh, Swapnil - In: Quantitative economics : QE ; journal of the … 11 (2020) 2, pp. 671-711
overcome the difficulty of standard models to understand consumption insurance in the US. As our main result, we find that the … quantitative relevance of advance information crucially depends on the structure of insurance markets. For a realistic amount of … key consumption insurance measures better than existing models without advance information. In contrast, when advance …