Misallocation due to Incomplete Markets
收藏NBER2025-09-01 更新2025-09-20 收录
下载链接：
https://www.nber.org/papers/w34233
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资源简介：
We quantify misallocation caused by limited risk-sharing and imperfect consumption-smoothing within and across borders. We measure misallocation as the share of resources left over if financial markets are completed and consumers are compensated to maintain their status quo welfare. This measure is
提供机构：
美国国家经济研究局
创建时间：
2025-09-01
