Can Market and Voting Institutions Generate Optimal Intergenerational Risk Sharing?
收藏NBER1999-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6949
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资源简介：
Are market and voting institutions capable of producing optimal intergenerational risk-sharing? To study this question, we consider a simple endowment economy with uncertainty and overlapping generations. Endowments are stochastic; thus it is possible to increase the welfare of every generation
提供机构：
美国国家经济研究局创建时间：
1999-02-01
