The Dynamics of Optimal Risk Sharing
收藏NBER2010-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16094
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资源简介：
We study a dynamic-contracting problem involving risk sharing between two parties -- the Proposer and the Responder -- who invest in a risky asset until an exogenous but random termination time. In any time period they must invest all their wealth in the risky asset, but they can share the
提供机构：
美国国家经济研究局
创建时间：
2010-06-01
