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Trust in Risk Sharing: A Double-Edged Sword

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NBER2020-01-01 更新2025-01-04 收录
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We analyze efficient risk-sharing arrangements when the value from deviating is determined endogenously by another risk sharing arrangement. Coalitions form to insure against idiosyncratic income risk. Self-enforcing contracts for both the original coalition and any coalition formed (joined) after

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2020-01-01
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