Showing 1 - 10 of 624
"We consider a dynamic Mirrlees economy in a life cycle context and study the op- timal insurance arrangement. Individual productivity evolves as a Markov process and is private information. We use a first order approach in discrete and continuous time and obtain novel theoretical and numerical...
Persistent link: https://www.econbiz.de/10008842243
"This paper derives an intertemporal optimality condition for economies with private information, focusing on a class of recursive preferences. By comparing it to the situation where agents can freely save in a risk-free asset market, we derive the optimal savings distortions necessary for...
Persistent link: https://www.econbiz.de/10003605156
Persistent link: https://www.econbiz.de/10003431159
Persistent link: https://www.econbiz.de/10003431317
Persistent link: https://www.econbiz.de/10003385109
Persistent link: https://www.econbiz.de/10003521381
Persistent link: https://www.econbiz.de/10009569497
Persistent link: https://www.econbiz.de/10009768704
Persistent link: https://www.econbiz.de/10009754834
Persistent link: https://www.econbiz.de/10009712796